Soybeans Struggle

This is Matt Rice with today’s Market Line Report for Friday. Grains saw a mixed market with wheat on the rise and corn and soybeans slipping lower. Here’s Scott Shellady with the CME Group to share more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for May closed the day up 17 ¼, to finish at 665 ¼. March Corn was dn 2 ¾ to close at 550 ¼. Kansas City Hard Red Winter Wheat prices for May were up 12 ¾, to settle at 643.

Portland prices for Ordinary Club Wheat were Unch, ranging from 7-40 to 7-70. Soft white wheat of Ordinary Protein for April was Unch, ranging from 7-20 to 7-45. Hard Red Winter Wheat with 11 ½ percent Protein, for April were up 12 ¾, ranging from 7-68 to 7-83. DNS wheat with 14 % protein, prices for April were up 8 ¾, ranging from 7-52 ¾ to 7-67 ¾.

Live Cattle for April were dn $1.22 ½, closing at 122.92 ½. March Feeder cattle were dn $.22 ½, to finish the day at 138.20. March Class III milk was dn $.24, at 16.28.