Soybeans Find Support

Soybeans Find Support

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Friday. Soybean traders eagerly away next week’s WASDE report, while keeping a close eye on the 14 day weather forecast. Let’s go to Ted Seifried with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Sept. closed the day dn 4 ½, to finish at 7-12 ¾. Dec. Corn was up 6 ¼, to close at 5-53. Kansas City Hard Red Winter Wheat prices for Sept. were DN 2 ¾, to settle at 6-92 ½.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 9-05 to 10-20. Soft white wheat with 10 ½ % Protein for Oct. was Unch, ranging from 8-87 to 8-95. Hard Red Winter Wheat with 11 ½ percent Protein for Oct. were DN 2 ½, ranging from 8-13 to 8-63. DNS wheat with 14 % protein, prices for Oct. was up ½, ranging from 10-02 ¼ to 10-37 ¼.

Live Cattle for Oct. were dn $1.40, closing at 127.57 ½. Sept. Feeder cattle were dn $1.72 ½, to finish the day at 161.15. Sept. Class III milk was up $.36, to settle at 16.40

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