Market Line Report for Friday, December 13th
Shellady…”We had a ton of corn exports to Mexico. We were the fifth largest daily export numbers since records began. That's going to get anything going to the upside. That's a really good number. So that's really something that the market got ahold of and got behind, and that's the reason why he saw it up as much as it was.”
March Corn closed up $0.06 1/2 to $377 ½.
But corn wasn’t the only one with impressive gains in Thursday’s trade. Chicago March Soft Wheat futures closed yesterday up $0.11 to $5.30 ¼.
Kansas City Hard Red Winter Wheat futures also up big rallying $0.12 with to $4.42 1/2.
Portland prices for soft white wheat of ordinary protein were up slightly with bids ranging from $5.90 to $5.97.
Dark Northern Spring wheat bids for December were up $0.04 ¾ ranging from $6.53 to $6.98 for 14% protein.
The big buyers of Club Wheat of Ordinary Protein have backed of their aggressive bids with the current range posted from $5.97 to $6.40. The top end of that range down from $7.40 earlier this week.
Live Cattle futures were down $0.22 1/2 to $125.10 on the February board. Feeder Cattle also down $0.22 1/2 to $143.45.
Class III milk was back up a nickel today closing at $18.24.