01/02/07 Markets closed today

There will be no trading today on most exchanges because of the funeral for President Ford. Full trading resumes tomorrow, again on Thursday and Friday. Going back to last Friday Chicago March wheat was down 2 ½ to 5.09 ¾. VICTOR "India continues to struggle trying to find moisture for the north central region of its crop. India's ag minister suggesting the crop is doing well." Joe Victor is with Allendale and Associates. What about weekly export sales for the final trading week of 2006? VICTOR "In a word they were bad. Sales were very weak for the wheat continue to lag not only last year but just the assumption that the quarterly stocks for the second quarter are going to continue to be as near as bad as what they were the first quarter." Quarterly stocks report will be out later this month. March corn 3.90 ¼ up 1 ¾. Portland cash white down a penny, 5.02 Club White also 5.02 Pacific Northwest HRW 11.5 percent protein down .02 at 5.75. Dark Northern Spring 14 percent protein up 07 at 5.96. Cattle trading was mixed. February live cattle 92.50 down .05. March feeders 98.37 up .52. February Class III milk at Chicago unchanged at 13.42. I'