Wheat Gives Back Monday's Gains on Tuesday

Corn posted losses after six consecutive days of gains.  Wheat saw some pressure from the strong U.S. dollar and gave back the previous day’s gains. From the floor of the CME todd Horwitz shares
Horwitz: “Tuesday’s grain saw pretty much a mixed market. Soybeans showing the overall strength where corn and wheat were down. If we go back to Friday’s report, we’ve said all along we want to be a buyer in this place. That the lows are probably in and the risk rewards model favors being long. We’ve had all the bad news that could possibly be put into the market and now we’ve got the battle on between the Federal Reserve and what they decide to do on Thursday — whether they raise or not raise. So what does that mean, it really doesn’t mean something. But of course the dollars mean something and what is going on with U.S. dollar means something.”
Chicago December Wheat ended Tuesday down 6 and 1/2 at 4-94 and 3/4. December corn ended the day down 3 cents at 3-90 and 1/2. 
Portland prices for soft white wheat of ordinary protein and white club wheat were both down 1 to 6 and 1/2 cents at mostly 5.41 and 3/4. Hard Red Winter wheat with 11.5 percent protein prices were down 8 and 3/4 to 14 and 3/4 cents at mostly 5.81 and 1/2. DNS wheat with 14 percent protein were down 4 and 1/4 cents at mostly 6.31 and 1/2.
December live cattle were down a $1 even on Tuesday at 142.17 and ½. November feeder cattle were down $1.87 and half at 191 even. October Class III milk was unchanged at 15-86.