Wednesdays wheat was under some pressure from the global economy

Wednesdays wheat was under some pressure from the global economy

Tommy Allen
Tommy Allen
I’m Tom Allen with the Market Line Report for July 9, 2015. Wednesdays wheat was under some pressure from the global economy. From the floor of the CME Todd Horwitz explains.

Horwitz: Wednesdays grain saw mixed markets. Tried to take it much higher but couldn’t sustain that movement. We saw corn and soybeans go higher. Wheat under some pressure. I think you could take away a lot from the New York Stock Exchange had to be shut down. I think that ran some chills through the market. A lot of these harboring effect of what’s happening in china and Greece is all weighing on the minds of traders.

Chicago September Wheat ended Wednesday down 7 and a 1/4 at 5-78.

September corn ended the day up 1 and a ¼ at 4-24 1/4.

Portland prices for soft white wheat of ordinary protein was down 7 and 3/4 for August delivery of new crop, ranging between 6-41 and 1/2 to 6-77 and 1/2.

White Club wheat of 10.5 % protein was up 2 and ¼ to 1 and ½ at mostly 7-23 1/2.

August New crop Hard Red Winter wheat with 11.5 percent protein, was down 3 and 1/4 ranging from 6-38 to 6-63.

August new crop DNS wheat with 14 percent protein prices were down 4 and 1/2 to 14 1/2, ranging from 7-19 to 7-49.

August live cattle were down 1.87 and ½ at 149.20. August Feeder cattle were down 3.12 and 1/2 at 214. August class III milk was up 2 cents at 16-28.

 

 

Previous ReportWheat was Under Some Pressure from the Global Economy
Next ReportBrutal Day for the Cattle market