Soybeans Find More Bearish News
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.