Investors Keep Eye on Prize

This is Matt Rice with today’s Market Line Report for Wednesday. Corn saw a small pull back yesterday, but long-term investors stay hooked as demand remains strong. Here’s Virginia McGathey with the CME Group to share more.

McGathey “ .”

Chicago Soft Red Winter Wheat prices for March closed the day dn 6 ¼, to finish at 644 ¾. March Corn was dn 6 ¼ to close at 543. Kansas City Hard Red Winter Wheat prices for March. were dn 6 ¼, to settle at 619.

Portland prices for Ordinary Club Wheat were dn 10 to Unch, ranging from 7-30 to 7-55. Soft white wheat of Ordinary Protein for March was Unch, ranging from 7-00 to 7-20. Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 11 ¼ to 6 ¼, ranging from 7-44 to 7-59. DNS wheat with 14 % protein, prices for March was dn 2, ranging from 7-26 to 7-51.

Live Cattle for April were up $.82 ½, closing at 122.52 ½. March Feeder cattle were up $1.20, to finish the day at 139.12 ½. March Class III milk was up $.08, at 16.25.