Corn Climbs Higher

Corn Climbs Higher

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Wednesday. Corn pushes higher Tuesday to climb back in the mid $5 ½ range, where will we go from here? Let’s go to Scott Shellady with the CME Group to hear his thoughts.

Chicago Soft Red Winter Wheat prices for May closed the day up 16, to finish at 666 ¼. May Corn was up 6 ¾ to close at 545. Kansas City Hard Red Winter Wheat prices for May were up 12, to settle at 635 ¼.

Portland prices for Ordinary Club Wheat were Unch, ranging from 7-40 to 7-75. Soft white wheat of Ordinary Protein for May was Unch, ranging from 7-30 to 7-60. Hard Red Winter Wheat with 11 ½ percent Protein, for May were up 12, ranging from 7-55 ¼ to 7-75 ¼. DNS wheat with 14 % protein, prices for May were up 11 ¾, ranging from 7-50 ¼ to 7-70 ¼.

Live Cattle for April were up $.45, closing at 119.42 ½. April Feeder cattle were dn $.65, to finish the day at 140.47½. March Class III milk was up $.22, at 16.34.

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