Slight Drop in Corn

This is Matt Rice with today’s Market Line Report for Wednesday. Corn sets its sights on 200 day moving average, as futures fell slightly yesterday. Lets go to Scott Shellady with the CME Group to hear more.

Shellady “ .”

Chicago Wheat prices for Dec. closed yesterday dn ¾, to finish at 549 ½. Dec. Corn dn 2, to close the day at 364 ¾. Kansas City Hard Red Winter Wheat prices for Dec. were dn 6 ¾, to close at 486.

Hard Red Winter Wheat with 11 ½ percent Protein, prices for Nov. were dn 6 ¾, ranging from 6-31 to 6-51. Soft white wheat of Ordinary Protein for Nov. ended the day Unch, ranging from 5-65 to 5-70. DNS wheat with 14 % protein, prices for Nov. were dn 5, ranging from 6-44 ½ to 6-59 ½.

Live Cattle for Dec. were up $1.47 ½, closing at 113.12 ½. Nov. Feeder cattle were up $2.67 ½, to finish the day at 143.77 ½. Oct. Class III milk was up $.42, at 19.27.