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KayDee Gilkey Last Day of April Markets had Wheat and Cattle Futures Trading Higher
by KayDee Gilkey, click here for bio

Program: Market Line
Date: May 01, 2017

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For the last day of April’s markets wheat traded higher, corn traded lower,

with soybeans trading mixed on Friday. Forecasts continue to show heavy precipitation

across the plains causing planting delays. There is also concern that

continuous  rains across the southern plains will cause damage to winter wheat

crop.  Meanwhile in South America, forecasts look mostly favorable for corn and

soybean harvest which is well underway.

Chicago May Wheat prices closed Friday up a nickel at 4-18 and 1/2. May corn ended the day down 4 cents at 3-58.

Portland prices for May soft white wheat of Ordinary Protein ended the day mixed up 5 cents to unchanged ranging from 4-63 and 1/2 to 4-70. Hard Red Winter wheat with 11 ½ % protein, prices for May were up 4 cents ranging from 4-99 and 3/4 to 5-14 and 3/4. DNS wheat with 14 % protein, prices for May were up 3/4 cents ranging from 6-40 and 3/4 to 6-75 and 3/4.

June live cattle were up $2.50 at 124.02 and half. August feeder cattle were up $4.35 at 154-70. June class III milk was down 17 cents at 15-47.

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