Wheat was Under Some Pressure from the Global Economy
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.