Wheat Leads Grain Rally

Wheat Leads Grain Rally

Matt Rice
Matt Rice
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Monday. Wheat futures lead the grain rally Friday, but concerns rise over global exports on the Black Sea. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Up 27 ¾, to finish at 7-56 ¾. March Corn was Up 9 ¾, to finish the day at 6-80 ½. Kansas City Hard Red Winter Wheat prices for March were Up 30, to settle at 9-09.

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 Unch, ranging 8-50 to 8-58. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Up 30, ranging from 10-29 to 10-39. DNS wheat with 14 % protein, prices for March were Up 10 ¾ - 13, to settle at 10-08 to 10-25.

Live Cattle for April were Up $.32 ½, closing at 163.95. March Feeder Cattle were Dn $.42 ½ to finish the day at 186.40. March Class III milk was Up $.13, to settle at 18.06.

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