Soybeans Find More Bearish News

Soybeans Find More Bearish News

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Wednesday. Wheat found demand while Soybeans remain in a steep downtrend. Here’s Terry Roggensack with the CME Group to share more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day up 2 ¼, to finish at 7-34. Dec. Corn was dn 10 ½, to close at 5-22 ½. Kansas City Hard Red Winter Wheat prices for Dec. were up 5 ¼, to settle at 7-39 ¾.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 9-75 to 13-25. Soft white wheat with 10 ½ % Protein prices for Nov. were Unch ranging from 9-75 to 10-75. Hard Red Winter Wheat with 11 ½ percent Protein prices for Nov. were up 5 ¼, ranging from 8-89 ¾ to 9-14 ¾. DNS wheat with 14 % protein, prices for Nov. were up 9 ½, ranging from 10-80 to 10-95.

Live Cattle for Dec. were dn $.92 ½, closing at 129.25. Nov. Feeder cattle were up $.07 ½, to finish the day at 161.80. Nov. Class III milk was dn $.01 to settle at 18.81.

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