Milk markets ended double digits higher as markets rose on the Chicago Mercantile Exchange. May Class III milk futures were up 36 cents at $11.64. June 51 higher at $12.63. July through September contracts 10 to 40 cents higher.
Almost all commodities closed in the green on Wednesday. Dry whey up $0.01 at $0.3950. Four trades were made at $0.3950. Blocks steady at $1.19. Barrels up $0.08 at $1.16. Six trades made, with a range of $1.11 to $1.16. Butter was $.0225 higher at $1.18, with four trades, including three at $1.1575 and one at $1.18. Dry whey was up a penny at $.395, with four trades at that price.
Corn and soybeans fared a bit better after testing the lower ends of the ranges. Corn closed 2-3 cents higher after making new lows on the May contract of 3.005 per bu. This represents the lowest price that corn has experienced since 2009. Soybeans ended the day 5 cents higher after posting red early in session.
