Wheat Firms Up

Wheat Firms Up

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Wednesday. Wheat firms up while corn holds steady. Let’s go to Virginia McGathey with the CME Group to find out more.

Chicago Soft Red Winter Wheat prices for July closed the day up 5, to finish at 685. July Corn was up ¾, to close at 680. Kansas City Hard Red Winter Wheat prices for July were up 3 ½, to settle at 632 ½.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 7-75 to 8-50. Soft white wheat of Ordinary Protein for July was Unch- up 35, ranging from 7-75 to 8-50. Hard Red Winter Wheat with 11 ½ percent Protein, for July had a mixed market dn 12 ½ and up 2 ½, ranging from 7-37 ½ to 7-62 ½. DNS wheat with 14 % protein, prices for July were dn 18 ¾ to 13 ¾, ranging from 8-66 ¼, to 8-86 ¼.

Live Cattle for Aug were up $.05, closing at 117.82 ½. Aug Feeder cattle were dn $.95, to finish the day at 149.25. July Class III milk was dn $.16, to settle at 17.46.

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