Quiet Day of Trade Awaiting USDA Report

Quiet Day of Trade Awaiting USDA Report

I’m KayDee Gilkey with the Market Line Report for January 12, 2015.
Friday ended lower for wheat and higher for corn on a relatively quiet day of trading awaiting today’s USDA report results. From the floor of the CME Group, Frank Lesh shares his observations of Friday’s markets.
Lesh: “Ag markets were mixed in Friday’s trade - March corn was up 6 cents, March beans was up about 4 cents and March wheat was off by 4 cents. When we look at Friday’s trade we see where we stand for the week and we were higher with corn and beans as well. March corn was up 5 cents on the week — so it got all its gains on Friday’s trade and March wheat was down 29 cents on the week.”
Chicago March Wheat ended Friday down 3 and 1/4 cents at 5-63 and 3/4. March corn ended the day up 6 cents at 4-00 and 1/4.
Portland prices for soft white wheat of ordinary protein were down 2 to 3 and 1/4 cents at mostly 6-60 and 3/4. White club wheat of ordinary protein prices were down 2 to 3 and 1/4 cents at mostly 9-28 and 3/4. Hard Red Winter wheat with 11.5 percent protein prices were down 7 and 1/4 cents at mostly 6-74 and 1/2. DNS wheat with 14 percent protein prices were down 5 and 1/4 cents at mostly 8-48 and 1/4.
February live cattle were down $3 on Friday at 160-60. March Feeder cattle were down $4.50 at 212-55. February class III milk was down 9 cents at 14-84.

 

 

 

 

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