Grains Holding Steady

I'm Matt Rice with the Market Line Report for Jan 14th. Grains are at a solid stand point right now for producers, we did see some losses in corn and soy beans while wheat was unchanged. Todd Horwitz explains his thoughts from the floor of the CME in Chicago with Bubbatrader.com.

Horwitz- "Wednesday's grain trade saw a little bit of follow through across the board. With the exception on wheat, virtually unchanged. Overall again, we like the space here we think that these are very good levels to be buyers of, or if you are an owner or a farmer producer, a holder of. I think if you can store and afford to store you want to own here. Again if you take a look at the entire make up of the entire economy, you've got a strong dollar, a weak economy, weak oil."

Chicago March Wheat prices ended the day dn 3 1/4, at 478. March corn ended yesterday 1 1/4, at 358. Portland prices for soft white wheat of ordinary protein for Jan. were unchanged to dn 3 1/4, ranging from 5-30 to 5-38. Hard Red Winter wheat with 11 ½ % protein, prices for Jan. were dn 4 3/4, ranging from 5-61 to 5-71. DNS wheat with 14 % protein, prices for Jan. were dn 7, ranging from 6-05 to 6-25. Feb. live cattle closed the day up 10 cents, at 131.70. March. Feeder cattle were dn 37 ½ cents, at 156.62 1/2. Jan. class III milk was up 3 cents, at 13-75.