Key Pivoting Point In Corn

This is Matt Rice with today’s Market Line Report for Thursday. Corn remains at a key pivoting point, ahead of the 200 day moving average as we make our way through the week. Let’s go to Scott Shellady with the CME Group to hear the details.

Shellady “ ...”

Chicago Wheat prices for Dec. closed Yesterday dn ½, to finish at 543 ¾. Dec. Corn dn 1 ½, to close yesterday at 360 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were up 1 ½, to close at 471.

Portland prices for Club Wheat of Ordinary protein was Unch, ranging from 5-70 to 5-72. Hard Red Winter Wheat with 11 ½ percent Protein, prices for Oct. were up 1 ½, ranging from 6-26 to 6-31. Soft white wheat of Ordinary Protein for Oct. ended the day Unch, ranging from 5-25 to 5-45. DNS wheat with 14 % protein, prices for Oct. were dn ¾, ranging from 6-35 ½ to 6-60 ½.

Live Cattle for Oct. were dn $1.07 ½, closing at 104.70. Oct. Feeder cattle dn $1.60, to finish yesterday at 139.25. Oct. Class III milk was dn $.33, at 18.48.