Greens In The Grains

This is Tommy Allen with the Market Line Report for March 11th. A very nice field of green across the board in the grain market testing limits on the day. Oliver Slope with II Trader, covers more from the floor of the CME in Chicago.

Sloup "A kind of some short covering, along with some fear premium from weather coming in, after what was determined to be a dud USDA report. Kind of a relatively quiet and mute report, as some traders were looking for more of a bearish tone, stepping to the sidelines and reducing risks. That's really what's taking us up to some resistance levels across the board."

Chicago March Wheat ended the day up 7 ¾, at 470 ¼. March corn ended the day up 3 ½, at 362 ½. Portland prices for soft white wheat of 10 ½ % protein for March were unch- up 7, ranging from 5-38 to 5-57. Hard Red Winter wheat with 11 ½ % protein, prices for March were up 3 ½- 7 ½, ranging from 5-63 ¼ to 5-68 ¼. DNS wheat with 14 % protein, prices for March were up 2 ½, ranging from 6-12 ½ to 6-22 . April Live Cattle closed yesterday up $1.52 ½, at 138.37 ½. March Feeder cattle were up $2.50, at 161.50. March class III milk was dn a penny, at 13-81.