Wheat Remains Under Pressure

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Grains remain under pressure as all Corn & Wheat finish the day in the red. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day Dn 16 ½, to finish at 6-00 ½. Dec. Corn was Dn 9 ½, to finish the day at 4-86 ¾. Kansas City Hard Red Winter Wheat prices for Dec. were Dn 20 ½, to settle at 7-29 ¼.

Portland prices for Club Wheat with 10 ½ % Protein were Unch – Dn 10, ranging from 7-00 to 7-25. Soft White Wheat with 10 ½ % Protein prices for Oct. were Dn 10 - UNCH, ranging from 6-80 to 7-10. Hard Red Winter Wheat with 11 ½ percent Protein prices for Oct. were Dn 20 ½, ranging from 7-49 ¼ to 7-54 ¼. DNS wheat with 14 % protein, prices for Oct. were Dn 5 ¾, to settle at 8-35 ¾.

Live Cattle for Oct. were Dn $.07 ½, closing at 181.47 ½. Oct. Feeder Cattle were Dn $.27 ½, to finish the day at 256.75. Sept. Class III milk was Up $.17, to settle at 19.04.