Marketline Report for Friday, December 22nd
This is Bob Larson with the Market Line Report for Friday, December 22nd. Trading on the grain market seems to be leveling off before year end. From the floor of the CME in Chicago, here's Virginia McGathey ...
Virginia McGathey ... "Now, wheat was also firm today. A recent up-trend has really beginning to strengthen now. So, we're solidly off the lows, giving the market a bit of a boost. You know, the shipments for the year were really not so great and the oversold conditions or possibly the year-end rally could also be in store and that looks good really for the market so it could give it somewhat of a lift. Those are the things we're going to be watching, but I can assure you there's going to be a lot more volatility before the year is out and that's only about, maybe six more sessions left. So, hang on to your hats, I think that there's going to be a lot to be said before the end of the year."
Chicago March Wheat prices closed yesterday up 3 ½ at 427
March corn was up 2 at 351
Portland prices for soft white wheat of Ordinary Protein for December ended the day unch ranging from 5-11 to 5-30 Hard Red Winter wheat with 11 ½ % protein, prices for December were up 1 ¾ ranging from 5-74 ¼ to 5-84 ¼ DNS wheat with 14 % protein, prices for December were dn ¾ ranging from 7-37 to 7-52
Live Cattle for December were up $.22 ½ at 119.87 ½ January Feeder cattle are up $1.15 to 142.82 ½ December Class III milk was up .01 cents at 15.45
