Geopolitical Factors Create Volatile Grain Market

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Volatility in the grain market continues following Geopolitical factors. Terry Roggensack with the CME Group to explain more.

Chicago Soft Red Winter Wheat prices for July closed the day Dn 70, to finish at 11-87 ½. July Corn was Dn 23 ¾, to finish the day at 7-53 ½. Kansas City Hard Red Winter Wheat prices for July were Dn 69 ¾, to settle at 11-65 ½.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 11-00 to 12-30. Soft white wheat with 10 ½ % Protein prices for July were Unch, ranging from 11-00 to 11-80. Hard Red Winter Wheat with 11 ½ percent Protein prices for Aug. were Dn 69 ¼, ranging from 12-47 to 12-92. DNS wheat with 14 % protein, prices for Aug. were Dn 57 ¼, ranging from 13-07 ½ to 13-47 ½.

Live Cattle for Aug were Dn $2.02 ½, closing at 130.37 ½. Aug Feeder Cattle were Dn $1.20, to finish the day at 165.12 ½. June Class III milk was up $.06 to settle at 24.57.