Grain Marketing Advice

I'm Tom Allen with the Market Line Report for November 4th. Todd Horwitz describes the grain market as choppy. Let's hear his grain marketing advice to the producer.

Horwitz - "We look for higher prices but remember there are so many outside factors today. So much manipulation throughout the globe of what's going on. That will create a little bit more turmoil when you are looking to trade of if you are a producer looking to hedge. If you are a producer you should always be looking to hedge to the down side is a position built to be synthetic. The overall picture still looks good. I don't see any reason that all of a sudden these markets are going to collapse."

Chicago December Wheat ended yesterday up 8 1/2, at 516. December corn ended the day up 4, at 379 1/2.

Portland prices for soft white wheat of ordinary protein for December, were up 8.50-5.00, at mostly 5.6650-5.7500 . Hard Red Winter wheat with 11 ½ % protein, prices for December were up 4.75, at mostly 5.9250-6.0250 . DNS wheat with 14 % protein, prices for December were up 8.00 at mostly 6.3475-6.6975 .

December live cattle closed yesterday down $1.67 1/2, at 140 even. November Feeder cattle were down $1.80, at 190.47. November class III milk was down 5 cents, at 15-25.