Shifting Crop Production

Shifting Crop Production

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Friday. Record high fertilizer prices could play a major factor in shifting Corn and Wheat to Soybean production. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day up 6, to finish at 7-24 ¾. Dec. Corn was up 4 ½, to close at 5-16 ¾. Kansas City Hard Red Winter Wheat prices for Dec. were up 9 ¼, to settle at 7-31.

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 9 ¼, ranging from 8-81 to 9-06. DNS wheat with 14 % protein, prices for Nov. were up 11 ¼, ranging from 10-85 to 11-00.

Live Cattle for Dec. were up $1.30, closing at 130.30. Nov. Feeder cattle were up $1.17 ½, to finish the day at 162.15. Nov. Class III milk was up $.51 to settle at 19.36.

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