Wheat Steam Rolls On

This is Matt Rice with today’s Market Line Report for Friday. The Wheat rally continues with a full head of steam, but how long can we expect this run to continue? Let’s go to Terry Roggensack with the CME Group to find out.

Chicago Soft Red Winter Wheat prices for May closed the day up 75, to finish at 11-34. May Corn was up 22 ¾, to finish the day at 7-47 ¾. Kansas City Hard Red Winter Wheat prices for May were up 75, to settle at 11-50 ¼.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 11-50 to 13-50. Soft white wheat with 10 ½ % Protein prices for April were UNCH, ranging from 11-00 to 11-52. Hard Red Winter Wheat with 11 ½ percent Protein prices for April were up 17 ¾ to 75, ranging from 12-73 to 14-00 ¼. DNS wheat with 14 % protein, prices for April were up 6, ranging from 12-18 ¼ to 12-73 ¼.

Live Cattle for April were dn $1.75, closing at 138.35. April Feeder Cattle were dn $2.47 ½ to finish the day at 160.52 ½. April Class III milk was up $.39 to settle at 23.44.