Marketline Report Tuesday May 30th

This is Bob Larson with the Market Line Report for Tuesday May 30th . The Markets were closed Monday for the Memorial Day holiday. With Friday's results from the floor of the CME in Chicago, here's Virginia McGathey ...

McGathey ... "There's been rains in the Central Plains and it's been very very difficult to finish getting the Winter Wheat out of the ground, the Summer Wheat into the ground, and that has made it very difficult for real yields to come in for the Wheat Market. And we know that we have planted the fewest acres in 100 years. And so, while we still have big supplies worldwide, we have to watch very closely. If there's going to be any difficulty with what's planted right now, we could definitely get through those supplies pretty quickly and then that would create a pretty big market for us."

Chicago July Wheat prices closed Friday up 7 ½ at 438 ¾ July corn ended the day up 5 at 373 ¾

Portland prices for soft white wheat of Ordinary Protein for June ended the day up 4 ¼ ranging from 4-85 to 4-93 ¼ Hard Red Winter wheat with 11 ½ % protein, prices for June were up 6 ¼ ranging from 5-12 ½ to 5-22 ½ DNS wheat with 14 % protein, prices for June were up 6 ½ ranging from 6-68 ¾ to 6-93 ¾

Live Cattle for June were dn $1.22 ½ at 122.62 ½ May Feeder cattle were dn $4.17 ½ at 147.20 May Class III milk was unch cents at 15-61.