Volatile Corn Market

This is Matt Rice with today’s Market Line Report for Wednesday. Volatility continues in the corn market as prices fluxuate while we wait to hear the WASDA Report coming out later today. 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 11 ¼, to finish at 741 ¾. July Corn was up 10 ½, to close at 722 ¼. Kansas City Hard Red Winter Wheat prices for July were up 7, to settle at 710 ½.

Portland prices for Club Wheat with Ordinary Protein were Unch, Ranging from 7-05 to 7-90. Soft white wheat of Ordinary Protein for June was Unch, ranging from 6-70 to 7-90. Hard Red Winter Wheat with 11 ½ percent Protein, for June were up 7, ranging from 8-25 ½ to 8-30 ½. DNS wheat with 14 % protein, prices for June were up 17 ¼ ranging from 8-75 ½ to 8-90 ½.

Live Cattle for June were up $.40, closing at 118.62 ½. Aug Feeder cattle were up $.15, to finish the day at 148.85. June Class III milk was dn $.18, to settle at 19.00.