Lower Demand In The Corn Market

This is Josilyn Fullerton with the Ag Information Network and today’s Market Line Report for Friday. The Corn Market fell yesterday due to speculations of precipitation in the MidWest. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Sept. closed the day Dn 13 ¼, to finish at 8-06 ¼. Dec. Corn was DN 16 ½, to finish the day at 5-73 ½. Kansas City Hard Red Winter Wheat prices for Sept. were Dn 9 ¼, to settle at 8-61 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was UNCH, ranging from 9-20 to 9.80. Soft white wheat with 10 ½ % Protein prices for Sept. were UNCH, ranging 9-00 to 9-35. Hard Red Winter Wheat with 11 ½ percent Protein prices for Sept. were Dn 9 ¼ ranging from 9.61 ¼ - 9.81 ¼. DNS wheat with 14 % protein, prices for Sept. were Dn 11 ¾ , ranging from 9-72 ½ - 10-07 ½.

Live Cattle for Oct were DN $.35, closing at 140.97 ½ . Aug Feeder Cattle were Up $.45 to finish the day at 178.27 ½. Aug Class III milk was Dn $.33 to settle at 20.36.