Grains Continue To Struggle

This is Matt Rice with today’s Market Line Report for Wednesday. Grains continue to see a rough patch, as bearish factors stack up driving prices lower. Let’s go to Virginia McGathey with the CME Group to share more.

Chicago Soft Red Winter Wheat prices for July closed the day dn 10, to finish at 10-45 ½. July Corn was dn 10 ½, to finish the day at 7-93. Kansas City Hard Red Winter Wheat prices for July were dn 5 ¼, to settle at 10-92 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 July were Unch, ranging from 10-25 to 11-20. Hard Red Winter Wheat with 11 ½ percent Protein prices for June were dn 5 ¼, ranging from 11-92 ¾ to 12-12 ¾. DNS wheat with 14 % protein, prices for June were dn 12 ¼, ranging from 12-35 ½ to 12-75 ½.

Live Cattle for June were up $.12 ½, closing at 135.32 ½. Aug Feeder Cattle were up $2.20 to finish the day at 176.27 ½. June Class III milk was dn $.31 to settle at 23.93.