Soybeans Hop On For The Ride

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Monday. Strength in the Corn and Wheat Market kept Soybeans aloat as we wrapped up last week. Let’s go to Ted Siefried with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for July closed the day Up 16 ½, to finish at 6-92 ½. July Corn was Up 10 ¼, to finish the day at 6-35 ¾. Kansas City Hard Red Winter Wheat prices for July were Up 32, to settle at 8-63 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 7-65 to 8-00. Soft white wheat with 10 ½ % Protein prices for June were Unch, settling at 7-57 ½. Hard Red Winter Wheat with 11 ½ percent Protein prices for June were Up 27-32, ranging from 9-88 ¼ to 10-13 ¼. DNS wheat with 14 % protein, prices for June were Up 24 ¾, ranging from 9-58 ¼ to 9-73 ¼.

Live Cattle for June was Dn $.77 ½, closing at 163.72 ½. Aug. Feeder Cattle were Dn $1.02 ½, to finish the day at 223.95. May Class III milk was Dn $.26, to settle at 17.69.