Bearish Corn Market

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Increased risk of Rail Strike sets a Bearish tone in the corn Market. 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 7 ¾, to finish at 8-10 ½. March Corn was Dn 4 ¼, to finish the day at 6-59 ¼. Kansas City Hard Red Winter Wheat prices for Mar. were Dn 10 ¾, to settle at 9-12.

Portland prices for Club Wheat with 10 ½ % Protein were UNCH, ranging from 8-85 to 9-90. Soft White Wheat with 10 ½ % Protein prices for Jan. were UNCH, ranging from 8-80 to 9-25. Hard Red Winter Wheat with 11 ½ percent Protein prices for Jan. were Dn 10 ¾, ranging from 10-32 to 10-52. DNS wheat with 14 % protein, prices for Jan. were Dn 3 ½, ranging from 10-30 ¼ to 10-50 ¼.

Live Cattle for Feb. were Dn $.30, closing at 156.42 ½. Jan. Feeder Cattle were Dn $.95, to finish the day at 181.67 ½. Jan. Class III milk was Dn $.09, to settle at 20.44.