Bullish Corn Market

This is Matt Rice with today’s Market Line Report for Friday. Yesterday’s bullish report from the USDA gave corn another boost, pushing contracts higher to kick off Oct. Scott Shellady with the CME Group shares more.

Shellady “ .”

Chicago Wheat prices for Dec. closed yesterday dn 7 ¾, to finish at 570 ¼. Dec. Corn up 3 ¾, to close the day at 382 ¾. Kansas City Hard Red Winter Wheat prices for Dec. were dn 3 ¼, to close at 506 ½.

Hard Red Winter Wheat with 11 ½ percent Protein, prices for Nov. saw a mixed market up 6 ¾ and dn 3 ¼, ranging from 6-61 ½ to 6-81 ½. 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 6 ¾, ranging from 6-53 ½ to 6-78 ½.

Live Cattle for Dec. were dn $.52 ½, closing at 111.82 ½. Nov. Feeder cattle were dn $.80, to finish the day at 141.25. Oct. Class III milk was up $.48, at 20.01.