Grain Markets Mixed on Monday
I'm KayDee Gilkey with the Market Line Report for Tuesday, June 20th. From the floor of the CME Group here is Virginia McGatheyMcGathey: "Buying is a little bit exhausted. It's gone straight up since we've had this hot and dry weather. For the forecast for the future - -for the next couple of weeks looks like it is going to be better. This then sent the corn dropping to an 8 and 1/2 cent selloff today. The forecast for rain has really relieved crop stress concerns for the foreseeable future."
Chicago July Wheat prices closed Monday up 1 and 3/4 cents at 4-67. July corn ended the day down 8 and 3/4 cents at 3-75 and 1/4.
Portland prices for soft white wheat of ordinary protein ended the day steady to up 1 and 3/4 cents ranging from 4-85 to 5-12. Hard Red Winter wheat with 11.5% protein prices were down a penny ranging from 5-47 and 1/2 to 5-67 and 1/2. June DNS wheat with 14 % protein prices were down 3 and 1/4 cents ranging from 7-39 and 1/2 to 7-54 and 1/2.
August live cattle were down $2.07 and half cents on Monday at 116-10. August feeder cattle were down $2.87 and half at 145 even. August class III milk was down 12 cents at 16-91.