Corn Demand Remains Strong

This is Matt Rice with today’s Market Line Report for Friday. The Corn Market saw some pullback yesterday, however demand remains bullish. Let’s go to Virginia McGathey with the CME Group to find out more.

Chicago Soft Red Winter Wheat prices for May closed the day dn 114 ½, to finish at 10-87. May Corn was up 22 ¾, to finish the day at 7-55 ¾. Kansas City Hard Red Winter Wheat prices for May were dn 48 ¾, to settle at 10-65 ¾.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 11-80 to 13-30. Soft white wheat with 10 ½ % Protein prices for April were UNCH, ranging from 11-27 to 11-82. Hard Red Winter Wheat with 11 ½ percent Protein prices for April were dn 39 to 48 ¾, ranging from 11-54 ¼ to 13-15 ¾. DNS wheat with 14 % protein, prices for April were dn 24 to 29, ranging from 10-85 ¼ to 12-10.

Live Cattle for April were dn $1.50, closing at 132.45. April Feeder Cattle were dn $3.90 to finish the day at 156.25. April Class III milk was dn $.37 to settle at 23.89.