05/28/07 Watching weather in the Ukraine

Market Line may 28, 2007 Futures exchanges and USDA Market News are closed for the Memorial Day holiday today. On Friday going into the long weekend wheat futures were higher. There was concern about damage to winter wheat from those heavy rains in Kansas. Ryan Kilbrantz of ADM at the Minneapolis Grain Exchange says the Ukraine was also a focus of weather concerns. Kilbrantz: "The Ukraine and Russia they are talking about dryness. The north central Ukraine and southwestern Russia is going to continue to see dryness and there are some planting concerns as well. Government officials in India say they may only purchase 300-400-thousand tons of their recent tender to buy one million tons of wheat. On Friday Chicago July wheat was up a dime at 5-01. July corn down a half at 3-76. Portland cash soft white wheat was three to 13 cents higher at mostly 5-68. Club wheat 5-68. August new crop soft white seven to 15 cents higher at 5-39. HRW 11.5 percent protein up nine cents at 5-74. Dark northern spring 14% protein nine to 11 cents higher at 6-14. Barley at the coast 164 dollars a ton. August at 153. Cattle futures were mostly lower Friday in light volume. Lower than expected cash fed cattle sales and weak boxed beef prices were factors. August live cattle down seven cents at 91-15. August feeders down 65 at 110-95. July Class III milk down eight cents at 19-57. I'm Bob Hoff and that's Market Line on the Northwest Ag Information Network. Now this.