Corn Breaks Through Key Levels
This is Matt Rice with today’s Market Line Report for Wednesday. Corn breaking through some key technical levels after a rough start to the day. 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 up 2, to finish at 647. May Corn was up just 4 ¾ to close at 554 ¼. Kansas City Hard Red Winter Wheat prices for May were up 1 ½, to settle at 608 ¼.
Portland prices for Ordinary Club Wheat were Unch, ranging from 7-40 to 8-00. Soft white wheat of Ordinary Protein for May was Unch, ranging from 7-20 to 7-65. Hard Red Winter Wheat with 11 ½ percent Protein, for May saw a mixed market, up 1 ½ and dn 3 ½, ranging from 7-28 ¼ to 7-33 ¼. DNS wheat with 14 % protein, prices for April were dn 1 ¼, ranging from 7-52 ¾ to 7-62 ¾.
Live Cattle for June were dn $.92 ½, closing at 118.20. May Feeder cattle were Unch, to finish the day at 149.82 ½. April Class III milk was dn $.10, at 17.42.