Corn Trending Lower

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Continued consolidation in the Corn Market drives prices lower, as Brazil markets play major role. 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 ½, to finish at 7-49 ¾. March Corn was Dn 5, to finish the day at 6-74. Kansas City Hard Red Winter Wheat prices for March were Up 9 ¾, to settle at 8-85 ¾.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 8-50 to 9-00. Soft white wheat with 10 ½ % Protein prices for March were Up 05 - Unch, ranging 8-45 to 8-58. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Up 9 ¾, ranging from 10-05 ¾ to 10-15 ¾. DNS wheat with 14 % protein, prices for March were Dn ¼, to settle at 9-97 ¼.

Live Cattle for April were Dn $.87 ½, closing at 163.60. March Feeder Cattle were Dn $.50 to finish the day at 187.20. March Class III milk was Dn $.05, to settle at 17.41.