Soybean Exports Booming

This is Matt Rice with today’s Market Line Report for Wednesday. Soybeans looking solid, as demand increases and Exports boom, up 72% compared to this time last year. Scott Shellady with the CME Group shares more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for March closed the day up 3 ¼, to finish at 599 ¾. March. Corn up ¾, to close at 424 ¾. Kansas City Hard Red Winter Wheat prices for March. were up 3 ¾, to settle at 566.

Portland prices for Ordinary Club Wheat was Unch, ranging from 6-40 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were up 3 ¾, ranging from 7-11 to 7-31. Soft white wheat of Ordinary Protein for March saw a mixed market, up 17 and dn 5, ranging from 6-50 to 6-70. DNS wheat with 14 % protein, prices for March were up 12 - 2, ranging from 6-84 ½ to 6-94 ½.

Live Cattle for Feb. were dn $.22 ½, closing at 112.87 ½. Jan. Feeder cattle were up $.7 ½, to finish the day at 140.10. Jan. Class III milk was up $.22, at 16.32.