Mute Grain Market

I'm Matt Rice with the Market Line Report for November 13th. We are seeing an inactive grain market today after we look over the market from earlier this week. The trucker strike in Brazile has put a bit of a damper on the market however, we aren't expecting a big splash in the grains from this movement. Oliver Sloup shares his thoughts with II Trader from the floor of the CME.

Sloup- "Im Oliver Sloup with II Trader and your grain market update, its been relatively mute today, usually we have the export sales that we come out early in the morning 7:30 central time that gives us something to play off as far as prices go. Corn kind of dead money here, we are seeing it right in the middle of a range, really need to get out above 3.67 ½ that's going to be the top side target we are looking at."

Chicago December Wheat ended yesterday up 3 1/4, at 498 1/2. December corn ended the day dn 1/2, at 361 1/4. Portland prices for soft white wheat of ordinary protein for Nov, were up 3 1/4, ranging from 4-98 to 5-50 even. Hard Red Winter wheat with 11 ½ % protein, prices for Nov. were dn 1/2, ranging from 5-63 3/4 to 5-78 3/4. DNS wheat with 14 % protein, prices for Nov. were up 3 1/2, ranging from 6-10 1/4 to 6-55 1/4. Dec. live cattle closed yesterday up $1.27 1/2, at 132.60. Nov. Feeder cattle were up $1.25, at 176.10. Nov. class III milk was down 4 cents, at 15-41.