Markets In The Red

I'm Matt Rice with the Market Line Report for Jan 12th. The grain market is seeing numbers in the red due to low demand, Brazil's healthy growing season could give hope for a rally in the grains bringing more sells in the future. Here's Greg Sanders as he goes over USDA Grains Commentary from the CME.

Scoville- "Hi, grain markets lower all days today, partly because of all the fears of less demand. Ideas are USDA can easily show less demand in their reports that come out on Tuesday. The export pays for corn, wheat, and soy beans a little behind, or in some cases significantly behind for what USDA has projected for the year."

Chicago March Wheat took a fall, dropping 9 1/2, at 468. March corn ended yesterday dn 5 1/4, at 351 3/4. Portland prices for soft white wheat of ordinary protein for Jan saw a mixed market today dn 8 ½ and up 9, ranging from 5-29 to 5-30. Hard Red Winter wheat with 11 ½ % protein, prices for Jan. were DN 10 1/2, ranging from 5-47 1/4 to 5-61 1/4. DNS wheat with 14 % protein, prices for Jan. were dn 7 3/4, ranging from 5-98 1/4 to 6-18 1/4. Feb. live cattle closed the day dn 70 cents, at 132.17 1/2. Jan. Feeder cattle rebounded prices up 42 ½ cents, at 159.85. Jan. class III milk was up 4 cents, at 13-72.