Weather Forecasts in Argentina
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Hot and Drier weather expected this week in Argentina, with some much-needed rain in the upcoming forecast for crops. Let’s go to Terry Roggensack with the CME Group to find out.
Chicago Soft Red Winter Wheat prices for March closed the day Dn 10, to finish at 7-29. March Corn was Dn 3 ¼, to finish the day at 6-37 ¼. Kansas City Hard Red Winter Wheat prices for March were Dn 11 ¾, to settle at 8-30.
Portland prices for Club Wheat with 10 ½ % Protein were UNCH, ranging from 8-65 to 9-30. Soft White Wheat with 10 ½ % Protein prices for Jan. were UNCH, ranging from 8-60 to 8-85. Hard Red Winter Wheat with 11 ½ percent Protein prices for Jan. were Dn 11 ¾, ranging from 9-50 to 9-70. DNS wheat with 14 % protein, prices for Jan. were DN 06, ranging from 9-76 to 9-96.
Live Cattle for Feb. were Dn $2.20, closing at 153.62 ½. Jan. Feeder Cattle were Dn $1.97 ½, to finish the day at 181.50. Jan. Class III milk was UP $.05, to settle at 20.04.
