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KayDee Gilkey Low Volatility in Corn Market
by KayDee Gilkey, click here for bio

Program: Market Line
Date: May 10, 2017

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I’m KayDee Gilkey the Market Line Report for Wednesday, May 10th. From the floor of the CME Group here is Joe Vaclavik with comments on Tuesday’s markets.

Vaclavik: “The corn market traded both sides of unchanged on Tuesday and has been very quiet here as of late. During the last six or seven weeks, we’ve essentially been stuck in a 20 cent range. We’ve seen volatility levels drop and just very little excitement in the market ahead of the growing season. During the last 11 or 12 years, I don’t think we’ve had a start to the year — first four or five months — that have been as low in terms of volatility as this year has been so far. So a very very quiet trade in this corn market.”

Chicago July Wheat prices closed Monday down 4 cents at 4-29 and 1/4. July corn ended the day up 1/2 cents at 3-66 and 1/2.

Portland prices for June soft white wheat of Ordinary Protein ended the day up between 15 and 16 and 1/2 cents ranging from 4-70 to 4-85. Hard Red Winter wheat with 11.5% protein, prices for June were down a 1/2 cent to 5 and 1/2 cents ranging from 5-13 and 3/4 to 5-23 and 3/4. June DNS wheat with 14 % protein prices were down 3 and 3/4 cents ranging from 6-41 and 6-66.

June live cattle were down $2.80 on Tuesday at 124-97 and half. August feeder cattle were limit down at $4.50 at 152-15. June class III milk was up a penny at 15-87.

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