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Maura Bennett Market Line Report for Thursday February 1
by Maura Bennett, click here for bio

Program: Market Line
Date: February 01, 2018

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This is Maura Bennett with the Market Line Report for Thursday February 1st.

In the grain market wheat futures saw a pull back after new highs earlier in the week.

From the floor of the CME Here’s Virginia McGathey:

(( Ofcourse a little profit taking because the market has been soaring and surging beyond what anyone had expected. Even though we’re getting into the 3rd trimester of the growing season for Winter Wheat and we know that at some point in time in the very near future we are going to have to see if there really is some difficulty in the crops, if there is any real crop damage. At that point then we’re going to start to talk about yield numbers ))

Chicago March Wheat prices were Down 5 1/2 at 451 1/2

March Corn was Unchanged at 361 1/2.

Portland prices for Soft White Wheat of Ordinary Protein for January ended unchanged ranging from 530 to 544

Hard Red Winter Wheat with 11 ½ % Protein prices for January were down 2 1/2 ranging from 617 1/4 to 6-032 1/4

DNS Wheat with 14 % Protein prices for January were down 8 ¾ to 18 ¾ ranging from 7-22 1/4 to 7-32 1/4

Live Cattle for February were down 9.75 at $123. 3/4

March Feeder Cattle are down $.2.12 to 144.80

January Class III Milk was up 8 cents at 13.46

From the Ag Information Network at aginfo.net I’m Maura Bennett and this has been your Market Line Report

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