The Dollar is out of control, Lower Grain Prices for Tuesdays close

The Dollar is out of control, Lower Grain Prices for Tuesdays close

I’m Tom Allen with the Market Line Report for May 27, 2015.
The Dollar is out of control. The grain market has now became a global story with all markets under pressure. USDA Grain and Livestock Reporter Todd Horwitz gives an update on Tuesday’s market recap.
Horwitz: “Tuesdays grain, a little bit of pressure. Especially on the wheat market open higher. We can talk about the data, about the crop, anything we want. The bottom line is this, It’s raining and we can sell a lot of umbrellas, but the overall markets are getting a lot of pressure. The story is becoming more of a global story. A more of an economy story vs. just the commodities of the grain space.
Chicago July Wheat ended Tuesday down 22 and 1/4 cents at 4-92 and 3/4. July corn ended the day down a 5 and ¼ at 3-54 and 1/4.
Portland May delivery of Hard Red Winter wheat with 11.5 percent protein prices were down 12 and 22 cents at mostly 6-19 and 1/2. DNS wheat with 14 percent protein prices were down 15 and 1/2 cents at mostly 7-51 and 1/4.
June live cattle were down 25 cents on Tuesday at 151.87 and half. August Feeder cattle were up $6 at 219.60 even. June class III milk was down 9 cents at 16-38.

 

 

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