New Money Brings Surge in Grains
Wednesday Jan 27th, 2021 This is Matt Rice with today’s Market Line Report for Wednesday. With new money entering the market, grains make a run for it yesterday, as wheat and corn prices surge. Let’s go to Virginia McGathey with the CME Group to share more.
McGathey “ .”
Chicago Soft Red Winter Wheat prices for March closed the day up 16 ¾, to finish at 665 ¼. March Corn was up 20 ¾ to close at 532 ¼. Kansas City Hard Red Winter Wheat prices for March. were up 13 ¾, to settle at 641.
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 up 13 ¾, ranging from 7-71 to 8-06. DNS wheat with 14 % protein, prices for March up 12, ranging from 7-48 to 7-68.