Marketline Report for Wednesday, September 27th
Vaclavik ... "Corn market again traded both sides of unchanged here on Tuesday. We've really been stuck in kind of a sideways pattern here as of late. The market posted a low on August 31st and has kind of been sideways in a 10 to 15 cent trading range since then. Volatility's really died down and the trade has really been kind of slow. We're waiting on fresh fundamental news essentially. U.S. harvest is underway, uh harvest 11 percent complete as of Sunday according to USDA so harvest pressure here is something that could continue to cap upside in the corn market. You know, seasonally this is a time of year where we generally do see some pressure in prices and this is no different."
Chicago Dec Wheat prices closed yesterday dn ¼ at 453 ¼
December corn was dn 1 ½ at 352
Portland prices for soft white wheat of Ordinary Protein for October ended the day up 8 ¾ ranging from 5-28 ¾ to 5-45 Hard Red Winter wheat with 11 ½ % protein, prices for September were up 28 ¼ ranging from 5-72 ¼ to 6-07 ¼ DNS wheat with 14 % protein, prices for September were up 17 ¼ ranging from 7-56 to 7-76
Live Cattle for Oct were dn $.95 at 108.30 Sept Feeder cattle are up $.10 to 150.62 ½ Sept Class III milk was up .06 cents at 16.38