Grains Lower Across The Board

I'm Matt Rice with the Market Line Report for Dec 23rd. Grains saw some drops in the market across the board, it seems to be a bullish market as we come in the holidays. Todd Horwitz shares his ideas with us from the floor of the CME in Chicago with Bubbatrading.com.

Horwitz- "Tuesdays grains we are seeing lower across the board, but again you have to take into consideration it's the end of the year, Christmas is in 2 days and there isn't much interest here. However, we are at some key levels to watch and I continue to be bullish to space here. We saw Soy Beans come down to 8-60, and bounce immediately back up that last couple of days, now trying to test that support level."

Chicago March Wheat ended yesterday dn 7 ¼, at 472 3/4. March corn ended yesterday dn 5 ¾ at 3-66 1/4. Portland prices for soft white wheat of ordinary protein for Jan, were dn 7 ¼, ranging from 4-71 ¾ to 5-45. Hard Red Winter wheat with 11 ½ % protein, prices for Dec. were dn 3 1/4, ranging from 5-50 1/2 to 5-60 1/2. DNS wheat with 14 % protein, prices fell a little, dn 4 1/4 ranging from 6-07 ¾ to 6-37 ¾. Dec. live cattle closed yesterday up $2.65 at, 126.05. Jan. Feeder cattle take another gain, up $3.92 ½ at 159.42 1/2. Jan. class III milk was dn 8 cents, at 13-40.