McGathey “Today in the grain markets, soybeans bounced back. China keeps buying beans, and that’s helping from the slide that we had last week. Bean oil prices are up because of the Covid issues with production. So that really has helped the market to have a little more buoyancy, but that’s just in time because the market was in a little bit of a free fall. Now corn did rebound as well, its firmly in the channel ahead of the WASDE report coming out on Wednesday. Now it’s important to remember that the report is really going to be more farmer driven but we’re going to get some numbers from the world ending stocks. Those are going to be important going forward, to give us a little bit of market dirrection . “
Chicago Wheat prices for Sept. closed the day dn 4 ½, to finish at 491.
Dec. Corn was up 2 ¼, to finish the day at 323. Kansas City Hard Red Winter Wheat prices for Sept. were dn 1 ½ to close the day at 414 ¼.
Portland prices for soft white wheat of Ordinary Protein for Sep. ended the day dn 5 to Unch, ranging from 5-55 to 5-64. Hard Red Winter Wheat with 11 ½ percent Protein, prices for Sept. were dn 1 ¾, ranging from 5-55 ½
to 5-65 ½. DNS wheat with 14 % protein, prices for Sept. were dn 1 ½, ranging from 5-89 ½ to 6-06 ½.
Live Cattle for Oct. were up $.70, closing at 107.15. Sept. Feeder cattle up $.27 ½, to finish yesterday at 145.40. Sept. Class III milk was up $.01, at 16.24.