Positive End for All Grains on Monday

I’m KayDee Gilkey with the Market Line Report for March 10, 2015.
Monday’s grain and soybean bids closed higher positioning ahead of the USDA report released today. From the floor of the CME Group, Scott Shellady shares his observations of Monday’s markets.
Shellady: “We’ve got a report tomorrow that will be key. But although we’d normally see some defensive price action today there was some pretty decent price action today across the board in all three of wheat, corn and beans. That is pretty good if you look at two things — number one is technicals: We’ve been kind of having a white noise moment for the last three of months — not really going anywhere. We’ve been a little higher and a little lower but we’ve really haven’t strayed from home when it came to those three. And number two: I think they’ve held up extremely well compared to what the strong dollar has done to other commodities.”
Chicago May Wheat ended Monday up 7 and 1/2 cents at 4-90. May corn ended the day up 2 and 3/4 cents at 3-88 and 3/4.
Portland prices for soft white wheat of ordinary protein were up 2 and 1/2 to 5 cents at mostly 6-27 and 1/2. White club wheat of ordinary protein prices were steady to up 7 and 1/2 cents at mostly 8-47 and 1/2. Hard Red Winter wheat with 11.5 percent protein prices were up 8 and 1/4 cents at mostly 6-41 and 1/2. DNS wheat with 14 percent protein prices were up 4 and 1/4 cents at mostly 8-74 and 3/4.
April live cattle were down 65 cents on Monday at 154-even. April Feeder cattle were down 17 and half cents at 208-40. April class III milk was down 24 cents at 15-26.