Soybeans Still A Driver

This is Matt Rice with today’s Market Line Report for Wednesday. Soybeans continue to act as a driver in the grain market while weather continues to be a point of focus. Let’s go to Scott Shellady with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for May closed the day dn 2 ½ to finish at 615 ½. May Corn was up 1, to close at 554 ¼. Kansas City Hard Red Winter Wheat prices for May were dn 7 ½, to settle at 555 ½.

Portland prices for Ordinary Club Wheat were dn 85 – 1.35, ranging from 6-70. Soft white wheat of Ordinary Protein for May was dn 10- Unch, ranging from 6-70 to 7-65. Hard Red Winter Wheat with 11 ½ percent Protein, for June were dn 7 ¾, ranging from 6-77 to 6-82. DNS wheat with 14 % protein, prices for June had a mixed market up 3 ¼ and dn 6 ¾, ranging from 7-30 to 7-35.

Live Cattle for June were up $.20, closing at 124.62 ½. May Feeder cattle were Unch, to finish the day at 151.77 ½. May Class III milk was up $.06, at 18.63.