Corn Eye's $6 Mark

This is Matt Rice with today’s Market Line Report for Wednesday. The Corn market continues to be an impressive comeback story, as traders and producers alike eagerly focus on the $6 mark. Let’s go to Scott Shellady with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for July closed the day up 7 ½, to finish at 661 ¼. July Corn was up 11 ½, to close at 592. Kansas City Hard Red Winter Wheat prices for July were up 9 ¼, to settle at 628.

Portland prices for Ordinary Club Wheat were Unch, ranging from 6-70 to 7-05. Soft white wheat of Ordinary Protein for July was Unch – dn 1, ranging from 6-70 to 7-00. Hard Red Winter Wheat with 11 ½ percent Protein, for June were up 9 ¼, ranging from 7-43 to 7-48. DNS wheat with 14 % protein, prices for June were up 4 ½, ranging from 7-86 to 7-96.

Live Cattle for June were up $.60, closing at 119.20. Aug Feeder cattle were up $1.75, to finish the day at 154.52 ½. May Class III milk was up $.16, to settle at 19.32.