Weather Drives Market

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Weather remains a key driver for new crop corn & soybean prices. 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 9 ¼, to finish at 6-41 ¾. Dec. Corn was Dn 1 ¼, to finish the day at 4-93 ½. Kansas City Hard Red Winter Wheat prices for Sept. were Dn 3 ½, to settle at 7-96 ½.

Portland prices for Club Wheat with 10 ½ % Protein was Dn 15 – 30, ranging from 6-95 to 7-40. Soft white wheat with 10 ½ % Protein prices for Sept. were Unch – Dn 50, ranging from 6-90 to 7-00. Hard Red Winter Wheat with 11 ½ percent Protein prices for Sept. were Dn 3 ½, to settle at 8-41 ½. DNS wheat with 14 % protein, prices for Sept. were Dn 17 ¾, ranging from 8-69 ¼ to 8-79 ¼.

Live Cattle for Aug. was Dn $.35, closing at 176.67 ½. Aug. Feeder Cattle were Up $.32 ½, to finish the day at 247.90. June Class III milk was Dn $.03, to settle at 14.15.