Key Levels for Soybeans

This is Matt Rice with today’s Market Line Report for Friday. Soybeans and corn still fighting for acres, as Soybeans continue to look at key levels in the mid-14 range. Let’s go to Scott Shellady with the CME Group to hear more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for May closed the day dn 10, to finish at 642 ½. March Corn was up 4 ½ to close at 538 ½. Kansas City Hard Red Winter Wheat prices for May were up 12 ¼, to settle at 604 ¼.

Portland prices for Ordinary Club Wheat were Unch, ranging from 7-40 to 7-80. Soft white wheat of Ordinary Protein for May was dn 10 - Unch, ranging from 7-20 to 7-65. Hard Red Winter Wheat with 11 ½ percent Protein, for May were dn 12 ¼, ranging from 7-24 ¼ to 7-34 ¼. DNS wheat with 14 % protein, prices for April were dn 7 ¼, ranging from 7-49 to 7-59.

Live Cattle for April were dn $.25, closing at 118.52 ½. April Feeder cattle were dn $.45, to finish the day at 141.27 ½. April Class III milk was up $.23, at 18.09.