Soybeans Demand Picks Up

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Soybean demand expectations offset concerns over surge in South American production. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day Dn 4, to finish at 8-34 ¾. Dec Corn was Up 4 ¾, to finish the day at 6-86 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were Dn 3 ½, to settle at 9-34 ½.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 8-75 to 9-65. Soft White Wheat with 10 ½ % Protein prices for Dec. were Unch, ranging from 8-78 to 9-15. Hard Red Winter Wheat with 11 ½ percent Protein prices for Dec. were Dn 3, ranging from 10-54 to 10-89. DNS wheat with 14 % protein, prices for Dec. were Dn 5 ½, ranging from 10-32 ¼ to 10-77 ¼.

Live Cattle for Dec. were Dn $.82 ½, closing at 153.30. Jan. Feeder Cattle were Dn $1.70, to finish the day at 180.25. Dec. Class III milk was Dn $.17, to settle at 19.35.