Marketline Report for Monday, June 4th
This is Bob Larson with the Market Line Report for Monday, June 4th. Friday ends a volatile week on the grain market. From the floor of the CME in Chicago, here's Larry Shover.
SHOVER ... "Finishing the week talking about July wheat. Down a little bit today capping off a very volatile week. .28 cent range from high to low with gigantic moves up on Monday and back down on Wednesday. Five days down 4% struggling to hold on to a 14% year-to-date gain. The drivers in wheat, the same as they were this time last week and that is supplies remain very comfortable. Weather in Russia is something people are looking at, but not too worried about dollars strength and farmers are selling every rally."
Chicago July Wheat prices closed yesterday dn 3 at 523
July Corn was dn 2 ½ at 390 ¾
Portland prices for soft white wheat of Ordinary Protein for June ended the day unch ranging from 5-80 to 5-94 Hard Red Winter wheat with 11 ½ % protein, prices for June were dn 1 ¾ ranging from 6-65 ¾ to 6-90 ¾ DNS wheat with 14 % protein, prices for June were dn 8 ranging from 7-49 to 7-54
Live Cattle for June were dn $.15 at 104.70 Aug Feeder cattle are dn $1.07 ½ to 146.00 June Class III milk was dn $.08 cents at 15.49
