Grains Accelerate Higher

This is Matt Rice with today’s Market Line Report for Wednesday. Yesterday's WASDE report brought strength to the market as soybeans, corn, and wheat numbers accelerated higher throughout the day. Let’s check go to Scott Shellady with the CME Group to hear more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for Dec. closed the day up 11, to finish at 608 ½. Dec. Corn up 15 ½, to close at 423. Kansas City Hard Red Winter Wheat prices for Dec. were up 9, to settle at 561 ½.

Portland prices for Club Wheat were up 5 to Unch, ranging from 6-15 to 6-40. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for Jan. were up 9 ¼, ranging from 7-14 ½ to 7-24 ½. Soft white wheat of Ordinary Protein for Jan. ended the day Unch to up 5, ranging from 6-15 to 6-25. DNS wheat with 14 % protein, prices for Jan. were up 7 ¾, ranging from 6-97 ½ to 7-12 ¼.

Live Cattle for Dec. were up $.05, closing at 111.87 ½. Jan. Feeder cattle were dn $.32 ½, to finish the day at 140.40. Jan. Class III milk was up $.65, at 18.44.