Soybeans Surge

This is Matt Rice with today’s Market Line Report for Friday. Soybeans rally higher once again, as wheat and corn follow suit. Let’s go to Virginia McGathey with the CME Group to hear more.

McGathey “ .”

Chicago Wheat prices for Dec. closed the day up 3 ¼, to finish at 609 ¼. Dec. Corn up 4, to close at 409 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were up 3 ¼, to settle at 563.

Portland prices for Club Wheat were up 5-15, ranging from 6-05 to 6-40. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for Jan. were up 3 ½-8 ½, ranging from 7-14 ½ to 7-24 ½. Soft white wheat of Ordinary Protein for Jan. ended the day up 15-Unch, to settle at 6-15. DNS wheat with 14 % protein, prices for Jan. were mixed dn ¾ and up 4 ¼, ranging from 6-95 ¼ to 7-10 ¼.

Live Cattle for Dec. were up $.47 ½, closing at 108.35. Jan. Feeder cattle were up $.25, to finish the day at 135.40. Dec. Class III milk was dn $.75, at 19.42.