Grains Shift Lower
Vaclavik “Traders continue to debate the impact of storm damage in Iowa. Now we are certain of course, that widespread damage was seen across a good chunk of Iowa and a good chunk of the Corn Belt. Being estimated now that 14 Million acres of farmland in Iowa was affected in some way shape or form. “
Chicago Wheat prices for Sept. closed yesterday dn 8 ¾, to finish at 517 ½. Dec. Corn dn 3, to finish the day at 341 ¾. Kansas City Hard Red Winter Wheat prices for Dec. were dn 7, to close at 441 ½.
Portland prices for soft white wheat for Sep. ended the day Unch to dn 8, ranging from 5-37 to 5-45. Hard Red Winter Wheat with 11 ½ percent Protein, prices for Oct. were dn 7, ranging from 5-86 ½ to 6-01 ½. DNS wheat with 14 % protein, prices for Oct. were up 01, ranging from 6-21 to 6-46.
Live Cattle for Oct. were steady, closing at 109.87 ½. Oct. Feeder cattle up $1.17 ½, to finish the day at 146.37 ½. Sept. Class III milk was dn $.40, at 16.00.