Hurricane Ida Delaying Exports

This is Matt Rice with today’s Market Line Report for Wednesday. Soybean’s continue to see lower highs while Hurricane Ida delays exports. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day dn 1 ¼, to finish at 7-22 ¼. Dec. Corn was dn 8 ½, to close at 5-34 ¼. Kansas City Hard Red Winter Wheat prices for Sept. were dn ½, to settle at 7-12.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 10-85 to 13-50. Soft white wheat with 10 ½ % Protein for Oct. were Unch, ranging from 10-64 to 11-00. Hard Red Winter Wheat with 11 ½ percent Protein for Oct. were dn ½, ranging from 8-47 to 8-92. DNS wheat with 14 % protein, prices for Oct. were dn 6 ¼, ranging from 10-38 ½ to 10-48 ½.

Live Cattle for Oct. were dn $1.42 ½, closing at 126.90. Sept. Feeder cattle were dn $1.20, to finish the day at 167.75. Oct. Class III milk was up $.24 to settle at 16.90.