Wheat Markets Mixed on Tuesday

It was relatively a quiet Tuesday with mixed results in the grain markets. From the floor of the CME Group, Jack Scoville shares his observations of Tuesday’s market.
Scoville: “Kind of a mixed tone in the grain markets today with Kansas City wheat and soybean oil trading higher through the day. Chicago wheat and corn trading lower. It was kind of a rest day today — we’ve tried to get a turnaround Tuesday going markets did try to trade higher — at least in the overnight session — but really with the strong harvest and the good weather for the next week or two forward, promoting good crop maturity prospects and good harvest prospects — really no one interested in buying the market here today.
Chicago December Wheat ended Tuesday down 3/4 cents at 4-76. December corn ended the day down 4 and 3/4 cents at 3-25 and 1/2.
Portland prices for soft white wheat were mixed down a dime to up 4 and 1/4 cents at mostly 6-69. White club wheat prices were down 3/4 of a cent to 20 and 3/4 cents at mostly 8-85 and 3/4. Hard Red Winter wheat with 11.5 percent protein prices were up 1 and 3/4 to 6 and 3/4 cents at mostly 6-97. DNS wheat with 14 percent protein prices were down 2 and 1/4 to 12 and 1/4 cents at mostly 7-97 and 1/2.
October live cattle were down a nickel on Tuesday at 155-45. October Feeder cattle were up 87 and half cents at 230-15. October class III milk was up 4 cents at 24-66.