Wheat Market Consolidates

This is Matt Rice with today’s Market Line Report for Monday. Wheat markets consolidate yesterday, outside factors remain constant with inflation, rising fertilizer and fuel prices. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for July closed the day Unch, to finish at 10-92 ¾. July Corn was up 3 ¼, to finish the day at 7-75 ¼. Kansas City Hard Red Winter Wheat prices for July were up 10 ¾, to settle at 11-75.

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 11-27. Hard Red Winter Wheat with 11 ½ percent Protein prices for June were up 10 ¾, ranging from 12-75 to 12-95. DNS wheat with 14 % protein, prices for June were up 8 ¾, ranging from 12-88 ½ to 13-13 ½.

Live Cattle for June were dn $1.15, closing at 132.40. Aug Feeder Cattle were dn $2.37 ½ to finish the day at 171.85. June Class III milk was dn $.27 to settle at 23.51.