Mixed Grain Market on Monday

Talk that there may be snow ahead of the cold weather in the plains for later this week helped to spark some of the selling pressure on Monday's wheat trade. From the floor of the CME Group, Joe Vaclavik shares.

Vaclavik: "The wheat market kinda traded both sides of unchanged today. We started off higher went lower and then bounced back a bit. The wheat market, similar to the corn, is in really big time bear market territory here. We saw a nice bounce to finish out last week. I'm not sure that it is going to be able to sustain itself. The fund trader as a whole as been pushing this wheat market lower and I think without a significant rally in the corn market it will be hard to get the wheat market going."

Chicago March Wheat ended Monday down 7 cents at 6-61and 3/4. March corn ended the day unchanged at 4-24 and 1/2.??Portland prices for soft white white were mixed down 1 and 1/2 to up 15 and 1/2 cents at mostly 7-19 and 3/4. White club wheat prices were mixed down 1 and 1/2 to up 15 and 1/2 cents at mostly 7-44 and 3/4. Hard Red Winter wheat with 11.5 percent protein prices were mixed down 3/4 of a cent to up 4 and 1/4 cents at mostly 8-01 and 3/4. DNS wheat with 14 percent protein prices were down 4 and 1/4 cents at mostly 8-35 and 1/2.

?February live cattle were up 2 and half cents Monday at 134-27 and half. January Feeder cattle were down 12 and half cents at 165-35. January class III milk was up 25 cents at 17-97.