Volatile Weather Holds Grain Market Hostage

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Monday. Grains finished the week under pressure, as volatile weather patterns remain a factor. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Sept. closed the day Dn 6 ¼, to finish at 7-46 ½. Dec. Corn was Dn 32 ¾, to finish the day at 5-88. Kansas City Hard Red Winter Wheat prices for Sept. were Dn 10 ¾, to settle at 8-61 ¾.

Portland prices for Club Wheat with 10 ½ % Protein was Unch – Dn 15, ranging from 7-40 to 8-00. Soft white wheat with 10 ½ % Protein prices for Aug. were Unch – Dn 05, ranging from 7-40 to 7-60. Hard Red Winter Wheat with 11 ½ percent Protein prices for Aug. were Dn 10 ¾, ranging from 9-06 ¾ to 9-11 ¾. DNS wheat with 14 % protein, prices for Aug. were Dn 10 ¾, ranging from 9-43 ¾ to 9-53 ¾.

Live Cattle for Aug. was Dn $.37 ½, closing at 170.77 ½. Aug. Feeder Cattle were Up $3.27 ½, to finish the day at 233.95. July Class III milk was Up $.06, to settle at 15.35.