Weaker Dollar And More Demand

This is Matt Rice with today’s Market Line Report for Wednesday. A continued weaker dollar could trigger more buying from other countries to help demand in the grain market. Let’s go to Scott Shellady with the CME Group to her more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for March. closed the day dn 7 ½, to finish at 570. March. Corn dn 4 ¼, to close at 424. Kansas City Hard Red Winter Wheat prices for March. were dn 8 ½, to settle at 537.

Portland prices for Ordinary Club Wheat was Unch, ranging from 6-25 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 8 ½, ranging from 6-82 to 7-02. Soft white wheat of Ordinary Protein for March ended the day Unch, ranging from 6-33 to 6-75. DNS wheat with 14 % protein, prices for March were dn 5 ½, ranging from 6-58 ¼ to 6-88 ¼.

Live Cattle for Feb. were dn $.25, closing at 110.77 ½. Jan. Feeder cattle were dn $.22 ½, to finish the day at 137.57 ½. Jan. Class III milk was dn $.19, at 16.06.