Global Weather Drives Grain Prices

This is Tommy Allen filling in for Matt Rice with the Ag Information Network and today’s Market Line Report. Poor weather conditions in India, China, and Pakistan current flooding conditions will play a big role in the global grain market. Today we have Terry Roggensack with the CME to give you the details.

Chicago Soft Red Winter Wheat prices for Dec. closed the day at 863' even. Dec Corn was down at 690 3/4, to finish the day. Kansas City Hard Red Winter Wheat prices for Dec. were Up, to settle at 932' 3/4.

Portland bid prices for Club Wheat with 10 ½ % Protein were, ranging from 9.1500-10.0000. Soft white wheat with 10 ½ % Protein prices for Oct. were ranging from 9.1700-9.5000. Hard Red Winter Wheat with 11 ½ percent Protein prices for Oct. were ranging from 10.43 3/4-10.83 3/4. DNS wheat with 14 % protein, prices for Nov. were ranging from 10.11 1/2 -10.31 1/4

Live Cattle for Oct. closed at 144.82 1/2. Oct. Feeder Cattle were finished the day at 179.5 1/4. Lean Hogs closed at 95.5 1/4 Oct. Class III milk was Up to settle at 21.44.