Soybeans Bounce Back

This is Matt Rice with today’s Market Line Report for Wednesday. Soybeans bounce back after hitting last week’s lows, however lack of demand from foreign countries could slow the market. Here’s Terry Roggensack with the CME Group to share more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day dn ¼, to finish at 7-36. Dec. Corn was dn 2 ½, to close at 5-30 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were ¾, to settle at 7-48 ¼.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 9-75 to 13-25. Soft white wheat with 10 ½ % Protein prices for Nov. were Unch ranging from 9-75 to 10-75. Hard Red Winter Wheat with 11 ½ percent Protein prices for Nov. were dn ¾, ranging from 8-98 ¼ to 9-23 ¼. DNS wheat with 14 % protein, prices for Nov. were up 6 ½, ranging from 10-99 ¼ to 11-14 ¼.

Live Cattle for Dec. were dn $.40, closing at 130.02 ½. Jan. Feeder cattle were dn $.32 ½, to finish the day at 159.22 ½. Dec. Class III milk was up $.16 to settle at 18.96.