Grains Rally Over Geopolitical Fears

This is Matt Rice with today’s Market Line Report for Wednesday. Corn and Wheat rally with Geopolitical fears and South American Weather concerns. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for May closed the day up 48 ½, to finish at 8-52 ½. May Corn was up 19 ¾, to finish the day at 6-72 ½. Kansas City Hard Red Winter Wheat prices for May were up 47, to settle at 8-87.

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 April were up 47, ranging from 10-87 to 11-37. DNS wheat with 14 % protein, prices for April were up 26 ½, ranging from 10-97 ¾ to 11-42 ¾.

Live Cattle for April were up $.15, closing at 146.02 ½. March Feeder Cattle were dn $1.20 to finish the day at 164.22 ½. March Class III milk was up $.06 to settle at 22.46.