Grains Lose Ground

Grains Lose Ground

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Friday. Grains find themselves losing ground after Wednesday’s market came to a close, with recent rains partly to blame. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Sept. closed the day dn 4 ¼, to finish at 618. Dec. Corn was dn 7 ¼, to close at 523 ¾. Kansas City Hard Red Winter Wheat prices for Sept. were upo 3 ½, to settle at 588.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 7-75 to 8-90. Soft white wheat with Ordinary Protein for Aug. was Unch, ranging from 7-70 to 8-40. Hard Red Winter Wheat with 11 ½ percent Protein for Aug. were up 3 ½, ranging from 6-88 to 7-23. DNS wheat with 14 % protein, prices for Aug. were dn 3, ranging from 9-00 to 9-20.

Live Cattle for Aug were dn $1.32 ½, closing at 119.27 ½. Aug Feeder cattle were dn $1.67 ½, to finish the day at 157.32 ½. Aug. Class III milk was up $.67, to settle at 17.59.

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