Soybean USDA Report

This is Matt Rice with today’s Market Line Report for Wednesday. Recent USDA Report for Soybean crop production more positive than expected, as soybean yields landed within target range. 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 10 ½, to finish at 7-78 ½. Dec. Corn was up 3 ¼, to close at 5-54 ¾. Kansas City Hard Red Winter Wheat prices for Dec. were up 12 ¾, to settle at 7-93 ½.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 10-25 to 14-00. Soft white wheat with 10 ½ % Protein prices for Jan. were Unch, ranging from 10-25 to 11-50. Hard Red Winter Wheat with 11 ½ percent Protein prices for Jan. were up 13, ranging from 9-58 to 9-88. DNS wheat with 14 % protein, prices for Jan. were up 16 ½, ranging from 11-13 ¼ to 11-38 ¼.

Live Cattle for Dec. were up $.10, closing at 132.20. Jan. Feeder cattle were dn $.50, to finish the day at 159.80. Dec. Class III milk was up $.43 to settle at 18.11.