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Maura Bennett Market Line Report for Wednesday January 31st
by Maura Bennett, click here for bio

Program: Market Line
Date: January 31, 2018

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This is Maura Bennett with the Market Line Report for Wednesday January 31st.

In the grain market wheat futures trend sharply higher amid concerns of a US drought.

From the floor of the CME Here’s Joe Vaclavik:

(( We have a developing drought in the US along the southern plains and also into the northern plains . USDA had some crop progress reports out yesterday for some of the major wheat growing states and they were down substantially since they were last reported at the end of the December. So we’ve got a little bit of a weather scare on our hands here certainly and it has helped to prop up prices during the last couple of sessions. The Kansas City Wheat Market has really led the way here amid uncertainty in regard to US production. ))

Chicago March Wheat prices were up 8 at 458

March Corn was up 2 3/4 at 361 ¼.

Portland prices for Soft White Wheat of Ordinary Protein for January ended the day up 16 ¾ ranging from 529 to 539

Hard Red Winter Wheat with 11 ½ % Protein prices for January were up 16 3/4 ranging from 5-89 to 6-04

DNS Wheat with 14 % Protein prices for January were up 2 ¼ ranging from 7-31 to 7-51

Live Cattle for February were down 8.75 at $124. 3/4 March Feeder Cattle are up $.17 1/2 at to 147.42

January Class III Milk was down 3 cents at 13.88

From the Ag Information Network at aginfo.net Im M Bennett and this has been your Market Line Report

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