Strong Midweek Corn Market

Strong Midweek Corn Market

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Wednesday. Corn continues to show strength as we make our way through the week. Scott Shellady with the CME Group, shares his insights on the market.

Shellady “ .”

Chicago Wheat prices for Dec. closed the day up 8 ½, to finish at 592 ¾. Dec. Corn up 5 ½, to close at 385. Kansas City Hard Red Winter Wheat prices for Dec. were up 10, to close at 534 ¼ .

Club Wheat of Ordinary Protein was up 5, ranging from 5-80 to 5-85. Hard Red Winter Wheat with 11 ½ percent Protein, prices for Nov. were UNCH to up 10, ranging from 6-79 ¼ to 7-09 ¼. Soft white wheat of Ordinary Protein for Dec. ended the day UNCH to up 5, ranging from 5-65 to 5-95. DNS wheat with 14 % protein, prices for Nov. were up 2 ¾, ranging from 6-58 ¼ to 6-83 ¼.

Live Cattle for Dec. were up $.20, closing at 111.95. Nov. Feeder cattle were dn $2.40, to finish the day at 137.52 ½. Nov. Class III milk was dn $.12, at 19.59.

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