Higher Wheat and Lower Corn on Thursday

I’m KayDee Gilkey with the Market Line Report for March 13, 2015.
We had a marginally lower trade in corn market and higher trade in the wheat markets. From the floor of the CME Group, Joe Vaclavik shares
Vaclavik: “Grain markets here in Chicago were mixed on Thursday. We will start off with the corn market and it has been boring affair as of late. The wheat market is a different deal here. I think we’ve got two big forces that are kind of pushing and pulling at this thing. The negative side of the wheat market is the effects of the currency markets and the big moves that we have seen there lately. The collapse in the value of the Euro and the big surge in value the U.S. dollar are seen as negative. A friendly thing about the wheat market would be the weather conditions in the U.S. — we’ve got very very extreme drought conditions over portions of North Texas, into Oklahoma and into Kansas.”
Chicago May Wheat ended Thursday up 8 and 1/4 cents at 5-07 and 1/4. May corn ended the day down 2 and 1/2 cents at 3-88 and 1/2.
Portland prices for soft white wheat of ordinary protein were steady to up 8 and 1/4 cents at mostly 6-36 and 1/4. White club wheat of ordinary protein prices were steady to up 8 and 1/4 cents at mostly 8-56 and 1/4. Hard Red Winter wheat with 11.5 percent protein prices were up 5 and 3/4 cents at mostly 6-59 and 1/2. DNS wheat with 14 percent protein prices were up 2 and 1/2 cents at mostly 8-78 and 1/2.
April live cattle were up 20 cents on Thursday at 155-80. April Feeder cattle were down 20 cents at 212-90. April class III milk was unchanged at 15-41.