Corn Gives Back Gaines

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Friday. The Corn market landed in the Red yesterday after news of Argentina production slowing along with lower weekly exports. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for July closed the day Dn 11, to finish at 6-76. July Corn was Dn 2 ¼, to finish the day at 6-25 ½. Kansas City Hard Red Winter Wheat prices for July were Dn 15, to settle at 8-31 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch- Dn 05, ranging from 7-65 to 8-00. Soft white wheat with 10 ½ % Protein prices for June were Unch, ranging from 7-50 to 7-65. Hard Red Winter Wheat with 11 ½ percent Protein prices for June were Dn 15, ranging from 9-61 ¼ to 9-81 ¼. DNS wheat with 14 % protein, prices for June were Dn 11 ½, ranging from 9-33 ½ to 9-48 ½.

Live Cattle for June was Dn $.35, closing at 164.50. May Feeder Cattle were Dn $.77 ½, to finish the day at 207.80. May Class III milk was Dn $.29, to settle at 17.95.