Drought Concerns on Crops This is Matt Rice with today’s Market Line Report for Friday. Grains found a little spark to close out the day, but concerns of drought could be a factor in the coming weeks. Let’s go to Virginia McGathey with the CME Group to hear more.
Chicago Soft Red Winter Wheat prices for July closed the day up 6 ¼, to finish at 729. July Corn was up 4 ¼, to close at 648 ¼. Kansas City Hard Red Winter Wheat prices for July were dn 2, to settle at 694 ½.
Portland prices for Soft white wheat of Ordinary Protein for June was Unch, ranging from 6-70 to 7-90. Hard Red Winter Wheat with 11 ½ percent Protein, for June were dn 2, ranging from 8-09 ½ to 8-14 ½. DNS wheat with 14 % protein, prices for June were up 12 ½, ranging from 8-49 ½ to 8-64 ½.
Cattle Continue Down Rocky Path
Thursday Apr 29th, 2021 This is Matt Rice with today’s Market Line Report for Thursday. Cattle continue down a rocky path as prices shift lower, traders looking for answers as fundamental factors suggest a bullish market. Let’s go to Virginia McGathey with the CME Group to hear more.
Chicago Soft Red Winter Wheat prices for July closed the day dn 10, to finish at 722 ¾. July Corn was dn 10 ½, to close at 644. Kansas City Hard Red Winter Wheat prices for July were dn 14 ¾, to settle at 696 ½.
Portland prices for Soft white wheat of Ordinary Protein for June was Unch, to settle at 6-70 to 7-90. Hard Red Winter Wheat with 11 ½ percent Protein, for June were dn 14 ¾, ranging from 8-11 ½ to 8-16 ½. DNS wheat with 14 % protein, prices for June were dn 15 ¼, ranging from 8-37 to 8-52.
Grains Continue to Surge This is Matt Rice with today’s Market Line Report for Tuesday. The grain market kicked the week off with a bang as grains continues to surge. Soybeans and Corn both hit 8 year cash highs, with tighter balance sheets driving the rally. Let’s go to Virginia McGathey with the CME Group to hear more.
Chicago Soft Red Winter Wheat prices for July closed the day up 27 ¼, to finish at 739 ½. July Corn was up 25, to close at 657 ½. Kansas City Hard Red Winter Wheat prices for July were up 28 ¼, to settle at 708 ¾.
Portland prices for Ordinary Club Wheat were Unch, ranging from 6-70 to 7-05. Soft white wheat of Ordinary Protein for June was Unch, to settle at 6-70. Hard Red Winter Wheat with 11 ½ percent Protein, for June were up 28 ¾, ranging from 8-23 ¾ to 8-28 ¾. DNS wheat with 14 % protein, prices for June were up 23 ½, ranging from 8-59 to 8-69.
Corn Overbought? This is Matt Rice with today’s Market Line Report for Monday. Technical indicators showing Corn could be on the verge of a break off as prices soared throughout the week. Here’s Terry Roggensack with the CME Group to share more.
Chicago Soft Red Winter Wheat prices for July closed the day up 1 ¾, to finish at 712 ¼. July Corn was up 1, to close at 632 ½. Kansas City Hard Red Winter Wheat prices for July were up 5 ¾, to settle at 680 ½.
Portland prices for Ordinary Club Wheat were Unch, ranging from 6-70 to 7-05. Soft white wheat of Ordinary Protein for June was Unch, to settle at 6-70. Hard Red Winter Wheat with 11 ½ percent Protein, for June were up 5 ¾, ranging from 7-95 ½ to 8-00 ½. DNS wheat with 14 % protein, prices for June were up 10 ¾, ranging from 8-35 ½ to 8-45 ½.
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