More Bearish News For Corn

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Monday. The Corn market continues to search for a silver lining, as bearish factors line up. Let’s go to Ted Seifried with the CME Group to find out more.

Chicago Soft Red Winter Wheat prices for July closed the day Dn 6 ¾, to finish at 6-05. July Corn was Dn ¾, to finish the day at 5-54 ½. Kansas City Hard Red Winter Wheat prices for July were Dn 32 ¾, to settle at 8-24 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 7-40 to 7-65. Soft white wheat with 10 ½ % Protein prices for July were Unch, ranging from 7-00 to 7-40. Hard Red Winter Wheat with 11 ½ percent Protein prices for Aug. were Dn 30, ranging from 8-90 ½ to 9-05 ½. DNS wheat with 14 % protein, prices for Aug. were Dn 33 ¾, ranging from 8-87 to 8-92.

Live Cattle for Aug. was Up $.67 ½, closing at 164.30. Aug. Feeder Cattle were Up $.60, to finish the day at 235.10. June Class III milk was Up $.14 to settle at 16.06.