Wheat Rally Continues

This is Matt Rice with today’s Market Line Report for Thursday. The Wheat rally continues, as the market reaches highs dating back to November. Let’s go to Virginia McGathey with the CME Group to learn more.

Chicago Soft Red Winter Wheat prices for May closed the day up 32 ¼, to finish at 8-84 ¾. March Corn was up 8 ¾, to close at 6-81 ¼. Kansas City Hard Red Winter Wheat prices for March were up 31, to settle at 9-18.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 10-50 to 13-50. Soft white wheat with 10 ½ % Protein for April was Unch – up 03 ranging from 10-50 to 11-05. Hard Red Winter Wheat with 11 ½ percent Protein for April was up 31, ranging from 11-18 to 11-68. DNS wheat with 14 % protein, prices for April were up 15, ranging from 11-12 ¾ to 11-57 ¾.

Live Cattle for Feb. were dn $1.27 ½, closing at 144.75. March Feeder cattle were dn $1.45, to finish the day at 162.77 ½. March Class III milk was dn $.44, to settle at 20.02.