“Today’s grain market we are seeing a lot of red today -- surprising to a lot of traders. Let’s start off with corn. Corn closed about six and half lower on the day. Wheat did fall 18 cent lower as an aggregate looking at all three exchanges. Traders I spoke to again just cited the weather and falling just in sympathy to corn and soybeans. Wheat has been interesting story and really lacked convection -- either bullish or bearish in quite a long time.”

Chicago May Wheat ended Tuesday down 4 and 3/4 cents at 6-97 and 1/2. May corn ended the day down 7 and 1/4 cents at 6-38 and 1/2.

Portland prices for soft white wheat and club wheat were steady to up a quarter of a cent at mostly 7-76 and 1/4. Hard Red Winter Wheat with 11.5 pct protein prices were down 4 cents at mostly 8-78 and 1/2. DNS wheat with 14 pct protein prices were down 2 cents at mostly 9-31.

June live cattle were unchanged Tuesday at 120-82 and a half. May Feeder cattle were up a $1-00 at 139-60. May class III milk was down 30 cents at 18-62.

Report By : Pankaj Katba