Bullish Corn Market

Bullish Corn Market

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Tuesday. Corn and Wheat sparked interest yesterday, as Monday’s market rebounded higher. Let’s go to Virginia McGathey with the CME Group to her more.

McGathey “ .”

Chicago Soft Red Winter Wheat prices for March. closed the day up 2, to finish at 577 ½. March. Corn up 3 ½, to close at 424. Kansas City Hard Red Winter Wheat prices for March. were up 2 ¾, to settle at 545 ½.

Portland prices for Ordinary Club Wheat was Unch – up 3, ranging from 6-25 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were up 2 ¾ - 17 ¾, ranging from 6-90 ½ to 7-10 ½. Soft white wheat of Ordinary Protein for March ended the day up 13 - 3, ranging from 6-33 to 6-75. DNS wheat with 14 % protein, prices for March were dn 1 ¾, ranging from 6-63 ¾ to 6-93 ¾.

Live Cattle for Feb. were dn $1.37 ½, closing at 111.02 ½. Jan. Feeder cattle were dn $1.97 ½, to finish the day at 137.80. Jan. Class III milk was up $.43, at 16.15.

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