Corn Market Picks Up Support

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Harsh weather in Argentina bring support to the corn and soybean market. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for May closed the day Dn 13 ½, to finish at 7-62 ¾. May Corn was Up 3, to finish the day at 6-80 ½. Kansas City Hard Red Winter Wheat prices for May were Dn 2 ¼, to settle at 8-93 ½.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 8-45 to 8-95. Soft white wheat with 10 ½ % Protein prices for April were Unch, ranging 8-45 to 8-70. Hard Red Winter Wheat with 11 ½ percent Protein prices for May were Up 7 ¾ & Dn 2 ¼, settling at 10-33 ½. DNS wheat with 14 % protein, prices for April were Dn 4 ¾, ranging from 10-03 ¾ to 10-13 ¾.

Live Cattle for April were Up $.45, closing at 165.10. March Feeder Cattle were Up $.35 to finish the day at 186.87 ½. March Class III milk was Up $.19, to settle at 17.84.