Soybeans Bounce Back

This is Matt Rice with today’s Market Line Report for Wednesday. Soybeans bounce off key support levels as traders eagerly await next week’s USDA report. 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 11 ¾, to finish at 7-44 ¾. Dec. Corn was dn 3 ¼, to close at 5-37 ½. Kansas City Hard Red Winter Wheat prices for Dec. were dn 13 ¼, to settle at 7-41.

Portland prices for Club Wheat with 10 ½ % Protein were Unch to up .65, ranging from 9-75 to 13-25. Soft white wheat with 10 ½ % Protein for Nov. were Unch to up .36 ranging from 9-75 to 10-75. Hard Red Winter Wheat with 11 ½ percent Protein for Nov. were dn 13 ¼, ranging from 8-91 to 9-16. DNS wheat with 14 % protein, prices for Nov. were dn 4 ¾, ranging from 10-50 ½ to 10-67 ½.

Live Cattle for Dec. were dn $.20, closing at 127.85. Nov. Feeder cattle were up $1.85, to finish the day at 156.87 ½. Nov. Class III milk was up $.14 to settle at 18.56.