Grain Corridor Concerns Spark Rally

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Friday. The Corn market continues to rally following grain corridor concerns after drone attack. Let’s go to Ted Seifried with the CME Group to find out.

Chicago Soft Red Winter Wheat prices for July closed the day Up 5 ¼, to finish at 6-45. July Corn was Up ½, to finish the day at 5-89. Kansas City Hard Red Winter Wheat prices for July were Up 13 ¼, to settle at 7-98 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch – Up 05, ranging from 7-15 to 7-75. Soft white wheat with 10 ½ % Protein prices for July were Unch, ranging from 7-00 to 7-25. Hard Red Winter Wheat with 11 ½ percent Protein prices for July were Up 13 ½, ranging from 8-71 ½ to 8-78 ¼. DNS wheat with 14 % protein, prices for July were Up 8 ½, ranging from 8-92 to 9-07.

Live Cattle for June was Dn $.12 ½, closing at 159.42 ½. Aug. Feeder Cattle were Dn $.37 ½, to finish the day at 223.15. June Class III milk was Dn $.02, to settle at 17.06.