11/14/06 Bulls not happy with export numbers

Wheat futures were mostly lower at the end of trading yesterday. After trading higher mid-Monday with other grains, wheat turned lower through the close following beans and corn. U.S wheat exports are down 19% year to date  USDA reported 10.5 million bushels were inspected for delivery last week which was below trade estimates of 12 to 16 million. December wheat contracts in Chicago were down 3 ½ to 4.77. Here's Brian Hoops of Midwest Market Solutions. HOOPS "Seen a lot of end user buying in the first 13 days of November. Don't expect we'll see a lot more end user buying at this point as they're fairly well covered so it's going to have to come from the speculative community if we're going to move market higher." December corn off ¾ to 3.42 ½. Portland cash white 4.97 Club White.5.12 Pacific Northwest HRW 11.5 percent protein 5.62 Dark Northern Spring 14 percent protein 5.80. Live cattle ended Monday higher. After trading lower through midday, live cattle turned higher as a downturn in the grains market and short covering boosted futures prices. Boxed beef cutout values were higher for both choice and select cuts. December live cattle .05 at 85.75. January feeders 95.42 down .27 December Class III milk at Chicago 13.91, up .04.