Soybean Demand Continues

Soybean Demand Continues

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Tuesday. Soybeans continue to see demand in the market, as wheat and corn continue to shadow. Let’s go to Scott Shellady with the CME Group to hear more.

Shellady “ .”

Chicago Wheat prices for Dec. closed yesterday up 3 ¼, to finish at 558. Dec. Corn dn ¼, to close the day at 369 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were up 4 ½, to close at 491 ¾.

Hard Red Winter Wheat with 11 ½ percent Protein, prices for Oct. were up 4 ½, ranging from 6-46 ¾ to 6-66 ¾. Soft white wheat of Ordinary Protein for Oct. ended the day Unch to up 5, ranging from 5-45 to 5-60. DNS wheat with 14 % protein, prices for Oct. were up 5, ranging from 6-59 ¾ to 6-74 ¾.

Live Cattle for Dec. were dn $.42 ½, closing at 110.17 ½. Nov. Feeder cattle were up $1.55, to finish the day at 141.17 ½. Oct. Class III milk was dn $1.23, at 18.42.

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