Ukraine Wheat Exports
Wheat weaker to start the week on Ukraine export numbers. Virginia McGathey has more.
McGathey… “The Ukraine exports are 17% higher than last year. When those numbers come out, it just put more pressure on the market and of course we're staying right around that $5 benchmark. And until we get anything else new, it's going to be difficult for the market to really give us any direction one way or the other. So all eyes are going to be on the White House on what's happening. Also, the outside markets are affected by the crisis going on in the U.S. It hasn't really had much effects on the grain markets right now, but they still are in the sideways consolidation mode and it looks like that we're going to be that way for at least the next couple of days.”
Chicago July Wheat futures yesterday closed down $0.05 ½ to $5.15 ¼.
Kansas City Hard Red Winter Wheat down $0.08 to $4.62 ½.
July Corn closed down $0.02 ½ to $3.23 ¼.
Portland prices for soft white wheat of ordinary protein were steady ranging from $6.00 to $6.05.
Club Wheat of Ordinary Protein about the same as well $6.05 to $7.75.
Dark Northern Spring wheat prices down $0.03 ¾ ranging from $6.31 ¼ to $6.71 ¼ for 14% protein.
Live Cattle futures were down $0.62 ½ on the August board to $98.97 ½. Feeder Cattle for August up $0.77 ½ to $136.12 ½.
Class III milk yesterday up $0.47 to $18.97.