Soybeans In Good Shape Despite Drop

This is Matt Rice with today’s Market Line Report for Friday. Soybeans take a slight dip, but demand looks promising to keep the market going in the right direction. Let’s go to Scott Shellady with the CME Group to hear more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for Dec. closed the day dn 9 ¾, to finish at 588 ¼. Dec. Corn dn 9, to close at 408 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were dn 10 ¼, to settle at 544.

Portland prices for Club Wheat were dn 5 to Unch, ranging from 6-10 to 6-45. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for Jan. were dn 9 ¾, ranging from 6-97 ¾ to 7-07 ¾. Soft white wheat of Ordinary Protein for Jan. ended the day Unch, ranging from 6-15 to 6-28. DNS wheat with 14 % protein, prices for Jan. were dn 7 ¼, ranging from 6-85 ¼ to 7-00 ¼.

Live Cattle for Dec. were dn $.42 ½, closing at 111.97 ½. Jan. Feeder cattle were up $.52 ½, to finish the day at 140.07 ½. Dec. Class III milk was dn $.46, at 18.46.