Global Grain Export Issues Remain

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Monday. Wheat finished the week down once again as global export issues remain. Virginia McGathey with the CME Group to explain more.

Chicago Soft Red Winter Wheat prices for July closed the day Dn 18 ¼, to finish at 10-40. July Corn was Dn 03 ¼, to finish the day at 7-27. Kansas City Hard Red Winter Wheat prices for July were Dn 22 ½, to settle at 11-21.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 11-00 to 11-85. Soft white wheat with 10 ½ % Protein prices for Aug were Unch, ranging from 10-75 to 11-35. Hard Red Winter Wheat with 11 ½ percent Protein prices for Aug. were Dn 22, ranging from 12-13 ¼ to 12-48 ¼. DNS wheat with 14 % protein, prices for Aug. were Dn 08, ranging from 12-63 ½ to 12-93 ½.

Live Cattle for Aug were Dn $.27 ½, closing at 133.85. Aug Feeder Cattle were Up $.92 ½, to finish the day at 173.87 ½. July Class III milk was Dn $.13 to settle at 24.60.