Market Line Report Friday April 7th

This is Bob Larson with your Market Line Report for Friday, April 7th. Heavy supplies continue to weigh heavy on the commodities trading markets, but it appears weather will play a role moving forward. From the floor of the CME in Chicago, here's Joe Vaclavik with details ...

Vaclavik "Moving forward, we're going to look at weather quite a bit. Planting weather, eventually growing conditions and ultimately the final yield in regard to corn here in this country. And that's really the biggest input into the balance sheets overall. You know, what type of production number can we put out here in the U.S. We know that acreage is going to be down a little bit so weather will play an integral role. We haven't had a real weather problem in this country since 2012. We've really had good weather four years running. It's not to say that we're due, but there's certainly some upside risk in regard to weather this time of year like there is really every single year at this point."

Chicago May Wheat prices closed yesterday dn 6 ½ at 422 ½ . May corn ended the day dn 4 , at 360 ¾

Portland prices for soft white wheat of Ordinary Protein for April ended the day dn 6 ½ ranging from 4-43 ¼ to 4-80 Hard Red Winter wheat with 11 ½ % protein, prices for April dn 5 , ranging from 5-00 to 5-10 . DNS wheat with 14 % protein, prices for April were dn 2 ¾ ranging from 6-16 ¾ to 6-56 ¾ .

Live Cattle were up $.52, at 118.82. March Feeder cattle were up $1.42 at 132.37. Jan. class III milk was dn .17 cents at 15-15.