Corn Under Pressure

This is Matt Rice with today’s Market Line Report for Monday. Corn finished the week under pressure as negative technical factors continue to loom in the market. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day up 11 ½, to finish at 7-63 ¼. March Corn was up 3 ¾, to finish the day at 6-20 ½. Kansas City Hard Red Winter Wheat prices for March were up 16 ¾, to settle at 7-89 ½.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 10-50 to 13-50. Soft white wheat with 10 ½ % Protein prices for March were Unch, ranging from 10-50 to 11-00. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were up 16 ¾, ranging from 9-85 ¾ to 10-35 ¾. DNS wheat with 14 % protein, prices for March were up 12 ¼, ranging from 10-23 to 10-63.

Live Cattle for April were up $.12 ½, closing at 146.87 ½. March Feeder Cattle were dn $.62 ½ to finish the day at 166.10. March Class III milk was up $.35 to settle at 21.66.