Grain Rally Continues

This is Matt Rice with today’s Market Line Report for Wednesday. The grain rally continues, with a drier forecast in South America the US could see exports increase. 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 50, to finish at 9-84. May Corn was up 35, to finish the day at 7-25 ¾. Kansas City Hard Red Winter Wheat prices for May were up 50, to settle at 10-03.

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 April were Unch – up 22, ranging from 10-50 to 11-27. Hard Red Winter Wheat with 11 ½ percent Protein prices for April were up 40-50, ranging from 11-83 to 12-53. DNS wheat with 14 % protein, prices for April were up 59 ¾, ranging from 11-53 ¾ to 12-08 ¾.

Live Cattle for April were dn $.90, closing at 140.52 ½. April Feeder Cattle were dn $2.20 to finish the day at 159.80. April Class III milk was up $.42 to settle at 23.17.