Mixed Grain Market This is Matt Rice with today’s Market Line Report for Friday. Yesterdays USDA report brought a mixed trade to the grain market, corn and wheat’s rally quickly ran out of steam while Soybeans managed to hold their own. Let’s go to Scott Shellady with the CME Group to hear more.
Shellady “ .”
Chicago Soft Red Winter Wheat prices for March closed the day dn 10 ¾, to finish at 637 ½. March Corn was dn 2 to close at 550. Kansas City Hard Red Winter Wheat prices for March. were dn 6 ¾, to settle at 618 ¾.
Portland prices for Ordinary Club Wheat were Unch, ranging from 7-30 to 7-55. Soft white wheat of Ordinary Protein for March was Up to 10-20, ranging from 7-10 to 7-40. Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 6 ¾, ranging from 7-43 ¾ to 7-58 ¾. DNS wheat with 14 % protein, prices for March was dn 3 ¼ - 28 ¼, to settle at 7-26 ¾.
Corn Rebounds This is Matt Rice with today’s Market Line Report for Thursday. Corn leads the rally in the grain market, traders focusing on contract highs and lows as an indicator to which direction the market will go from here. Here’s Virginia McGathey with the CME Group to share more.
McGathey “ .”
Chicago Soft Red Winter Wheat prices for March closed the day up 3 ½, to finish at 648 ¼. March Corn was up 9 to close at 552. Kansas City Hard Red Winter Wheat prices for March. were up 6 ½, to settle at 625 ½.
Portland prices for Ordinary Club Wheat were Unch, ranging from 7-30 to 7-55. Soft white wheat of Ordinary Protein for March was Unch, ranging from 7-00 to 7-20. Hard Red Winter Wheat with 11 ½ percent Protein, for March were 6 ½, ranging from 7-50 ½ to 7-65 ½. DNS wheat with 14 % protein, prices for March was up 4, ranging from 7-30 to 7-55.
Investors Keep Eye on Prize
Wednesday Feb 3rd, 2021
McGathey “ .”
Chicago Soft Red Winter Wheat prices for March closed the day dn 6 ¼, to finish at 644 ¾. March Corn was dn 6 ¼ to close at 543. Kansas City Hard Red Winter Wheat prices for March. were dn 6 ¼, to settle at 619.
Portland prices for Ordinary Club Wheat were dn 10 to Unch, ranging from 7-30 to 7-55. Soft white wheat of Ordinary Protein for March was Unch, ranging from 7-00 to 7-20. Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 11 ¼ to 6 ¼, ranging from 7-44 to 7-59. DNS wheat with 14 % protein, prices for March was dn 2, ranging from 7-26 to 7-51.
Cattle Gains Wiped Out This is Matt Rice with today’s Market Line Report for Thursday. The rally in the grain market, softened cattle prices as they lost most last week’s profits. Let’s go to Virginia McGathey with the CME Group to hear more.
McGathey “ .”
Chicago Soft Red Winter Wheat prices for March closed the day dn 7, to finish at 658 ¼. March Corn was up 1 ¾ to close at 534. Kansas City Hard Red Winter Wheat prices for March. were dn 4 ¼, to settle at 636 ¾.
Portland prices for Ordinary Club Wheat were Unch, ranging from 6-93 to 7-30. Soft white wheat of Ordinary Protein for March was Unch to up 10, ranging from 6-70 to 7-20. Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 4 ¼, ranging from 7-66 ¾ to 8-01 ¾. DNS wheat with 14 % protein, prices for March dn 5 ¼, ranging from 7-42 ¾ to 7-62 ¼.
Feeders Take Advantage of Weaker Feed Prices
Thursday Jan 21st, 2021
McGathey “ .”
Chicago Soft Red Winter Wheat prices for March closed the day dn 4 ½, to finish at 667 ¾. March Corn was dn 4 to close at 522. Kansas City Hard Red Winter Wheat prices for March. were dn 7, to settle at 637.
Portland prices for Ordinary Club Wheat were Unch, ranging from 6-93 to 7-30. Soft white wheat of Ordinary Protein for March was Unch, ranging from 6-70 to 7-10. Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 7, ranging from 7-67 to 8-02. DNS wheat with 14 % protein, prices for March dn 6, ranging from 7-47 ½ to 7-67 ½.