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Matt Rice Greener In The Grain Market
by Matt Rice, click here for bio

Program: Market Line
Date: February 08, 2017

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This is Matt Rice with the Market Line Report for Feb. 8th. Grains looking greener all across the board as good weather in South America creates more demand in the market. Let’s go to Virginia McGathey from the floor of the CME, to hear what she has to say about yesterday’s grain market.

McGathey “Here to talk to you about the grains, reporting on the grains, everything higher. This weeks USDA report, coming at the end of the week here has lifted all the grains. It started out a little bit slow and actually lower all across the board but then ended up higher. Soybeans closed up 6 week, wheat closed up 6 ½, corn closed up about 3 ¾, so everything looks strong.”

Let’s start with the Chicago markets, July wheat prices closed the day up 6 ½ at 454 ½. Chicago July Corn prices were up 5, to finish the day at 383 ¼. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were up 2 ¼ to 2 ¾, ranging from 4-66 to 4-68 ¾. Hard Red Winter Wheat with 11.5 % protein, future prices for May were up 3 ¾, ranging from 5-32 ½ to 5-37 ½. DNS Wheat with 14 % protein, prices for May were up 1 ¼, ranging from 6-85 ¼ to 6-95 ¼. June Live Cattle finished the day up 75 cents, at 106.40. April Feeder cattle were up $1.05, at 124.45. March class III milk was dn 10 cents at 16-82.

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