Oversold Soybean Market

This is Matt Rice with today’s Market Line Report for Friday. Oversold Soybean market relying on ideal crop conditions and weather in South America to help drive prices higher. 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 9 ½, to finish at 8-12 ½. Dec. Corn was up ¼, to close at 5-69 ½. Kansas City Hard Red Winter Wheat prices for Dec. were up 10 ½, to settle at 8-28.

Portland prices for Club Wheat with 10 ½ % Protein were up 45 to Unch, ranging from 10-70 to 14-00. Soft white wheat with 10 ½ % Protein prices for Jan. were up 41 to Unch, ranging from 10-66 to 11-50. Hard Red Winter Wheat with 11 ½ percent Protein prices for Jan. were up 09, ranging from 9-90 ¾ to 10-20 ¾. DNS wheat with 14 % protein, prices for Jan. were up 9 ¼, ranging from 11-46 to 11-66.

Live Cattle for Dec. were dn $.12 ½, closing at 131.87 ½. Jan. Feeder cattle were up $1.02 ½, to finish the day at 159.07 ½. Dec. Class III milk was up $.05 to settle at 18.08.