Corn Drops 2%

This is Matt Rice with today’s Market Line Report for Friday. Corn slips 2% to finish yesterday, while the rest of the grains followed the downward trend. 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 9 ½, to finish at 630 ½. May Corn was dn 11 ½ to close at 546 ¼. Kansas City Hard Red Winter Wheat prices for May were dn 14, to settle at 587.

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, prices for May dn 14, ranging from 7-07 to 7-12. DNS wheat with 14 % protein, prices for May were dn 7 ¾, ranging from 7-40 ½ to 7-50 ½.

Live Cattle for June were dn $2.37 ½, closing at 119.62 ½. May Feeder cattle were dn $3.55, to finish the day at 146.62 ½. May Class III milk was dn $.03, at 17.90.