Corn Takes Driver Seat This is Matt Rice with today’s Market Line Report for Friday. China continues to drive grain prices, while corn steps into the driver’s seat leading the grain market. 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 11 ¼, to finish at 647. March Corn was up ½ to close at 534 ½. Kansas City Hard Red Winter Wheat prices for March. were dn 10 ¾, to settle at 626.
Portland prices for Ordinary Club Wheat were up 3 to Unch, to settle at 7-30. Soft white wheat of Ordinary Protein for March was up 30 to Unch, ranging from 7-00 to 7-20. Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 10 ¾ to dn 35 ¾, ranging from 7-56 to 7-66. DNS wheat with 14 % protein, prices for April dn 12 ¾, ranging from 7-33 ¾ to 7-58 ¾.
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.
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.
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Ugly Day in the Grain Market
Monday Jan 25th, 2021 This is Matt Rice with today’s Market Line Report for Monday. Grains finished the week sharply lower, while cattle saw an opportunity and took advantage. Feeder cattle shot up $5 on Friday . Here’s Scott Shellady with the CME Group to share more.
Shellady “ .”
Chicago Soft Red Winter Wheat prices for March closed the day dn 26 ¼, to finish at 634 ½. March Corn was dn 23 ¾ to close at 500 ½. Kansas City Hard Red Winter Wheat prices for March. were dn 22 ½, to settle at 613 ¼.
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 22 ½, ranging from 7-43 ¼ to 7-78 ¼. DNS wheat with 14 % protein, prices for March dn 22 ¾, ranging from 7-22 ½ to 7-42 ½.