Solid Grain Market Today

This is Matt Rice with the Market Line Report for Feb 18th. Overall, grains have been on the gain over the last 24 hours. Not a lot of big news in the grain markets, but overall prices are holding strong. Todd Horwitz shares his thoughts from the floor of the CME in Chicago.

Horwitz "Wednesday's grain market we see higher prices across the board, a little bit of continuation from yesterday. Again, there's no real exuberance into the buying. However, I would assume that at some point the shorts are going to get nervous and we are going to see some spikes. Overall we are holding up very well, again we are making very nice technical patterns that are moving into these markets that are showing us that we want to go higher. If you look at the overall scenario, obviously there are still many outside factors weighing into the overall markets."

Chicago March Wheat ended the day up 4 ¼, at 468 ¼. March corn ended the day up 4 ¼ at 367 ¼. Portland prices for soft white wheat of ordinary protein for March were uch to up 4 1/4, ranging from 5-15 to 5-28 ½. Hard Red Winter wheat with 11 ½ % protein, prices for Feb were up 3 ¼, ranging from 5-44 to 5-54. DNS wheat with 14 % protein, prices for Feb were up 2 ¼, ranging from 6-03 ¾ to 6-23 ¾. Feb Live Cattle closed the day up $1.15, at 133.40. March Feeder cattle were up $1.50, at 156.10. Feb class III milk was dn 1 penny, at 13-83.