Thanksgiving Markets

This is Matt Rice with the Market Line Report for Nov. 24th. We would like to wish everyone a safe and Happy Thanksgiving all across the west. Overall general prices in the grain commodities were down over the previous 24 hrs. Steve Freed with Ag Futures markets explains what the grain market is doing and where he expects prices

Freed "Good morning Steve Freed with Ag Futures Markets, first of all Happy Thanksgiving to all those, I hope you have a safe and blessed event. Overnight we had prices a little bit lower, I think that the general commodities are lower. Maybe some of this pre-Thanksgiving rally especially led by the soybeans, might be a little pre-mature. We've noted that in the last few days the open interest in soybeans is up 46,000 contracts."

Chicago May Wheat prices closed the day dn 4, at 437 ¼. May corn ended the day up ½, at 365 ¾. Portland prices for soft white wheat of Ordinary Protein for March ended the day unch to dn 3 ½, ranging from 4-72 to 4-83 ¾. Hard Red Winter wheat with 11 ½ % protein, prices for March were dn ¾, ranging from 5-08 ½ to 5-23 ½. DNS wheat with 14 % protein, prices for March were dn ¼, ranging from 6-26 ¼ to 6-44 ¼. April Live Cattle closed the day up 55 cents, at 110.40. April Feeder cattle were up $1.20, at 121.50. Jan. class III milk was dn 23 cents at 16-23.