WASDE Report

This is Matt Rice with today’s Market Line Report for Friday. Corn continues onward and upward after yesterday’s bullish WASDE report came out. 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 1 ½, to finish at 683 ¾. July Corn was up 8 ¼, to close at 699. Kansas City Hard Red Winter Wheat prices for July were up 4 ½, to settle at 640 ¼.

Portland prices for Club Wheat with 10 ½ % Protein were Up 75 to Unch, to settle at 8-50. Soft white wheat of Ordinary Protein for July was Up 40 to Unch, ranging from 8-15 to 8-50. Hard Red Winter Wheat with 11 ½ percent Protein, for July were up 4 ½, ranging from 7-45 ¼ to 7-70 ¼. DNS wheat with 14 % protein, prices for July were up 11 ¼, ranging from 8-70 ½, to 8-90 ½.

Live Cattle for Aug were up $.27 ½, closing at 118.55. Aug Feeder cattle were up $.12 ½, to finish the day at 148.40. July Class III milk was up $.07, to settle at 17.60.