Weather & Geopolitical Concerns Direct Markets

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Thursday. Grains find support as “bomb cyclone” ramps up across the Midwest. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Dn 5 ½, to finish at 7-62 ¼. March Corn was Dn 1 ¾, to finish the day at 6-60 ½. Kansas City Hard Red Winter Wheat prices for March were Up 2, to settle at 8-66.

Portland prices for Club Wheat with 10 ½ % Protein were UNCH, ranging from 8-45 to 9-30. Soft White Wheat with 10 ½ % Protein prices for Feb. were UNCH, ranging from 8-49 to 8-85. Hard Red Winter Wheat with 11 ½ percent Protein prices for Feb. were Up 2, ranging from 9-86 to 10-06. DNS wheat with 14 % protein, prices for Feb. were Dn 5 ½, ranging from 10-02 ½ to 10-22 ¼.

Live Cattle for Feb. were Dn $.40, closing at 157.30. March Feeder Cattle were Up $.72 ½, to finish the day at 186.45. Jan. Class III milk was Up $.52, to settle at 19.25.