Wheat Falls Into The Red

This is Matt Rice with today’s Market Line Report for Friday. Wheat took a big dive Wednesday morning before markets closed for the Thanksgiving. Let’s go to Virginia McGathey with the CME Group to hear more.

McGathey “ .”

Chicago Soft Red Winter Wheat prices for March. closed the day dn 23, to finish at 588 ¼. March. Corn dn 5, to close at 427 ¼. Kansas City Hard Red Winter Wheat prices for March. were dn 20 ¼, to settle at 550 ½.

Portland prices for Ordinary Club Wheat was Unch, ranging from 6-25 to 6-45. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 20 ¼, ranging from 6-90 ½ to 6-95 ½. Soft white wheat of Ordinary Protein for March ended the day Unch, ranging from 6-20 to 6-45. DNS wheat with 14 % protein, prices for March were dn 8 ¼, ranging from 6-76 ½ to 7-06 ½.

Live Cattle for Feb. were up $.22 ½, closing at 114.17 ½. Jan. Feeder cattle were up $1.57 ½, to finish the day at 140.17 ½. Dec. Class III milk was dn $.30, at 15.33.