Port Strike Creates Demand

This is Matt Rice with today’s Market Line Report for Wednesday. With Argentina’s Port strike still in place, Soybeans continue to head north creating more demand here in the Us. Let’s go to Scott Shellady with the CME Group to hear more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for March closed the day up 5 ¾, to finish at 617. March Corn up 3 ½, to close at 443 ½. Kansas City Hard Red Winter Wheat prices for March. were up 4 ¾, to settle at 579 ¼.

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 4 ¾, ranging from 7-24 ¼ to 7-44 ¼. Soft white wheat of Ordinary Protein for March was Unch, ranging from 6-50 to 6-70. DNS wheat with 14 % protein, prices for March were up 1 ¼, ranging from 6-96 ½ to 7-06 ½.

Live Cattle for Feb. were dn $1.20, closing at 113.45. March Feeder cattle were dn $1.25, to finish the day at 141.87 ½. Feb. Class III milk was up $.75, at 17.20.