Soybeans Hanging Around 6 Year Highs

This is Matt Rice with today’s Market Line Report for Friday. Soybeans hovering around yesterday’s highs but considering a weaker dollar, and dryer weather in South America, soybeans still hanging around those 6 ½ year highs. Scott Shellady with the CME Group shares more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for March closed the day dn 5 ¼, to finish at 642 ¼. March Corn was dn 1, to close at 494. Kansas City Hard Red Winter Wheat prices for March. were dn 5, to settle at 598 ½.

Portland prices for Ordinary Club Wheat was Unch, ranging from 6-60 to 6-93. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 5, ranging from 7-33 ½ to 7-63 ½. Soft white wheat of Ordinary Protein for March was Unch, ranging from 6-40 to 6-85. DNS wheat with 14 % protein, prices for March were dn 3, ranging from 7-28 ½ to 7-33 ¼.

Live Cattle for Feb. were dn, $.02 ½, closing at 114.97 ½. March Feeder cattle were up $1.00, to finish the day at 136.70. Feb. Class III milk was up $.42, at 19.46.