Supply Issues Continue

This is Matt Rice with today’s Market Line Report for Wednesday. Supply issues continue to be top of mind for Wheat and Corn, while Soybean demand picks up. Here’s Terry Roggensack with the CME Group to share more.

Chicago Soft Red Winter Wheat prices for July closed the day up 23 ½, to finish at 11-12 ½. July Corn was up 13 ½, to finish the day at 7-72 ½. Kansas City Hard Red Winter Wheat prices for July were up 21 ¼, to settle at 11-66 ¾.

Portland prices for Club Wheat with 10 ½ % Protein were Up 25, ranging from 11-00 to 13-00. Soft white wheat with 10 ½ % Protein prices for June were UP 25-29, ranging from 11-00 to 11-54. Hard Red Winter Wheat with 11 ½ percent Protein prices for June were Up 21 ¼, ranging from 12-66 ¾ to 12-86 ¾. DNS wheat with 14 % protein, prices for June were up 15 ½, ranging from 12-36 to 12-76.

Live Cattle for June were Up $1.50, closing at 136.30. May Feeder Cattle were up $1.02 ½ to finish the day at 160.92 ½. May Class III milk was dn $.12 to settle at 24.81.