Wheat Futures Firm Up
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Tuesday. Wheat firms up despite weak demand and favorable weather. Let’s go to Virginia McGathey with the CME Group to hear more.Chicago Soft Red Winter Wheat prices for March closed the day Up 3 ¼, to finish at 5-96 ½. March Corn was Up ¼, to finish the day at 4-45 ¾. Kansas City Hard Red Winter Wheat prices for March were Dn 1, to settle at 6-07.
Portland prices for Club Wheat with 10 ½ % Protein was Dn 25 -Unch, ranging from 6-60 to 7-30. Soft white wheat with 10 ½ % Protein prices for March were Up 10 & Dn 30, ranging 6-45 to 6-90. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Dn 01, ranging from 6-67 to 6-72. DNS wheat with 14 % protein, prices for March were Up 10 to 5, ranging from 7-85 ½ to 7-90 ½.
Live Cattle for April were Dn $.47 ½, closing at 176.90. March Feeder Cattle were Dn $.67 ½, to finish the day at 231.27 ½. Feb. Class III milk was Up $.10, to settle at 15.89.