Pullback in Soybeans

Pullback in Soybeans

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Wednesday. Soybeans saw some regression after losing 30 cent’s on the day, which had some spill over in the rest of the grain market. Let’s go to Scott Shellady from the CME Group.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for March closed the day dn 3 ¼, to finish at 672 ¼. March Corn was dn 5 ½ to close at 526. Kansas City Hard Red Winter Wheat prices for March. were up 1, to settle at 644.

Portland prices for Ordinary Club Wheat were Unch, ranging from 6-93 to 7-30. Soft white wheat of Ordinary Protein for March was Unch, ranging from 6-70 to 7-10. Hard Red Winter Wheat with 11 ½ percent Protein, for April were up 1, ranging from 7-77 to 8-07. DNS wheat with 14 % protein, prices for March saw a mixed market dn 9 ¾ and up ¼, ranging from 7-53 ½ to 7-73 ½.

Live Cattle for April were up $1.15, closing at 119.35. March Feeder cattle were up $.97 ½, to finish the day at 136.80. Feb. Class III milk was dn $.75, at 18.48.

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