Wheat Export Issues Rally Futures

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Tuesday. Wheat futures rally on more global export issues coming out of Ukraine. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for July closed the day up 53, to finish at 10-40. July Corn was up 15 ½, to finish the day at 7-42 ½. Kansas City Hard Red Winter Wheat prices for July were up 49½, to settle at 11-70.

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- Up 15, ranging from 10-75 to 11-50. Hard Red Winter Wheat with 11 ½ percent Protein prices for Aug. were up 48 ½ - 43 ½, ranging from 12-61 ¾ to 12-91 ¾. DNS wheat with 14 % protein, prices for Aug. were Up 37-32, ranging from 13-00 ½ to 13-25 ½.

Live Cattle for Aug were Dn $.95, closing at 132.90. Aug Feeder Cattle were Dn $1.90, to finish the day at 171.97 ½. Aug Class III milk was up $.56 to settle at 24.98.