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Bob Larson Marketline Report for Thursday, June 14th
by Bob Larson, click here for bio

Program: Market Line
Date: June 14, 2018

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This is Bob Larson with the Market Line Report for Thursday, June 14th. The grain market continues its roller coaster ways on Wednesday. From the floor of the CME in Chicago, here's Virginia McGathey.

McGathey ... "Wheat also had a pull-back today. It seems that the uptick in U.S. production really put some pressure on the futures. It started to send it lower, double-digits, almost .20 cents at one point. The markets tried to come back and then slipped back down again and it gave back basically all the gains that we had yesterday. The Spring wheat is really starting very, very well. The weather is good so that’s also one more thing added on to the pile and that’s what’s pushing those prices down. On the other side, the Winter wheat is in full harvest right now. So, we don’t exactly have the numbers, but we’re going to be getting those soon. Perhaps those kind of numbers might help to give us the shot in the arm that we’re looking for.”

Chicago July Wheat prices closed yesterday dn 18 at 517 ½

July Corn was dn 1 ½ at 376

Portland prices for soft white wheat of Ordinary Protein for June ended the day unch ranging from 5-90 to 6-18 Hard Red Winter wheat with 11 ½ % protein, prices for June were dn 14 ½ ranging from 6-64 to 6-89 DNS wheat with 14 % protein, prices for June were dn 8 ranging from 7-19 ½ to 7-34 ½

Live Cattle for June were dn $.60 at 108.02 ½ Aug Feeder cattle are dn $.15 to 145.62 ½ June Class III milk was unch cents at 15.40

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