Corn and Wheat Rebound

This is Matt Rice with today’s Market Line Report for Thursday. Corn and Wheat finding new wings, as new buying support emerges through the middle of the week. 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 up 13 ¼, to finish at 583 ¼. March. Corn up 4, to close at 423 ¾. Kansas City Hard Red Winter Wheat prices for March. were up 14, to settle at 551.

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 up 14, ranging from 6-96 to 7-16. 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 up 12 ¼, ranging from 6-70 ½ to 7-00 ½.

Live Cattle for Feb. were up $.20, closing at 110.97 ½. Jan. Feeder cattle were dn $.55, to finish the day at 137.02 ½. Jan. Class III milk was up $.04, at 16.10.