Grain Markets Mixed on Monday

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 McGathey

McGathey: "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.

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