Corn Exports Better Than Expected

Corn Exports Better Than Expected

Matt Rice
Matt Rice
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. The Corn market saw a nice rally to kick of the week, while corn exports hit the higher end of predictions. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Dn 1 ½, to finish at 7-74 ½. March Corn was Up 8 ½, to finish the day at 6-74 ¾. Kansas City Hard Red Winter Wheat prices for March were Up 4 ½, to settle at 8-79 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 8-50 to 9-30. Soft white wheat with 10 ½ % Protein prices for Feb. were Unch, ranging 8-54 to 8-85. Hard Red Winter Wheat with 11 ½ percent Protein prices for Feb. were Up 4 ½, ranging from 9-99 ¼ to 10-19 ¼. DNS wheat with 14 % protein, prices for Feb. were Up 2 ½, ranging from 10-14 ¼ to 10-34 ¼.

Live Cattle for Feb. were Up $.12 ½, closing at 157.75. March Feeder Cattle were Dn $1.35 to finish the day at 185.40. Jan. Class III milk was Up $.37 to settle at 19.83.

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