Positive Prices for Grains on Wednesday

I’m KayDee Gilkey with the Market Line Report for March 12, 2015.
Despite of the strong dollar, grains continue to be positive. From the floor of the CME Group, Todd Horwitz shares his observations of Wednesday’s markets.
Horwitz: “Wednesday’s grain saw a bit more positive pricing. I guess yesterday’s bearish news is today’s bullish news. The big picture is simply this — the U.S. dollar has gone through the roof. The pressure on these markets should be much greater - yet we continue hold very stubbornly at these levels. We can talk about how much bearish we be or how much we think they should be going lower. Based on what is going on they should go lower — but yet we can’t seem to penetrate and make lows here.”
Chicago May Wheat ended Wednesday up 5 and 3/4 cents at 4-99. May corn ended the day up 3 cents at 3-91.
Portland prices for soft white wheat of ordinary protein were steady to up 5 and 3/4 cents at mostly 6-32. White club wheat of ordinary protein prices were steady to up 5 and 3/4 cents at mostly 8-52. Hard Red Winter wheat with 11.5 percent protein prices were up 4 and 3/4 to 9 and 3/4 cents at mostly 6-53 and 3/4. DNS wheat with 14 percent protein prices were up 2 and 1/4 cents at mostly 8-76.
April live cattle were up 85 cents on Wednesday at 155-60. April Feeder cattle were up $2.60 at 213-10. April class III milk was down 6 cents at 15-41.