Wheat Cool's Off

This is Matt Rice with today’s Market Line Report for Monday. Some profit taking cooled off the Wheat market last week, driving prices lower to finish the week. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for July closed the day dn 30, to finish at 10-55 ¾. July Corn was Unch, to finish the day at 8-13 ½. Kansas City Hard Red Winter Wheat prices for July were dn 35 ½, to settle at 11-05 ¾.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 11-00 to 11-75. Soft white wheat with 10 ½ % Protein prices for June were Unch, ranging from 11-00 to 11-37. Hard Red Winter Wheat with 11 ½ percent Protein prices for June were dn 35 ½, ranging from 12-05 ¾ to 12-25 ¾. DNS wheat with 14 % protein, prices for June were dn 25 ½, ranging from 12-46 to 12-86.

Live Cattle for June were dn $1.25, closing at 132.65. Aug Feeder Cattle were dn $2.12 ½ to finish the day at 168.12 ½. May Class III milk was dn $.13 to settle at 24.47.