USDA Report Weaken's Soybeans

This is Matt Rice with today’s Market Line Report for Friday. Yesterday’s USDA report brought some pullback to the Soybean market, while wheat gain momentum. Let’s go to Scott Shellady with the CME Group to her more on the Soybeans.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for March. closed the day up 13 ¼, to finish at 596 ½. March. Corn dn 2 ½, to close at 421 ¼. Kansas City Hard Red Winter Wheat prices for March. were up 12 ½, to settle at 563 ½.

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 12 ½, ranging from 7-08 ½ to 7-28 ½. 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 7, ranging from 6-77 ½ to 7-07 ½.

Live Cattle for Feb. were up $.87 ½, closing at 111.85. Jan. Feeder cattle were up $.57 ½, to finish the day at 137.60. Jan. Class III milk was up $.21, at 16.31.