Marketline Report for Tuesday, August 1st
This is Bob Larson with the Market Line Report for Tuesday, August 1st. The Ups and Downs continue on the market. From the floor of the CME in Chicago, here's Virginia McGathey ...
McGathey ... "Today, the last day of the month, soybeans were lower. Favorable weather really weakened the grain across the board. Month-end trading blues kind of gave a mixed message today so the markets were kind of up and down. But, futures really remained, in a short-term channel. That being said, this weather market isn't over yet so there's a lot to be looking at right now. Tomorrow could be the consummate turn-around-Tuesday so we're going to watch that closely. As wheat also fell in the market, global supplies really remained pretty ample right now and they're holding the market steady."
Chicago Sept Wheat prices closed yesterday dn 6 ½ at 476 ¼ Sept corn ended the day dn 3 ½ at 372
Portland prices for soft white wheat of Ordinary Protein for August ended the day dn 5 ½ ranging from 5-09 ½ to 5-30 Hard Red Winter wheat with 11 ½ % protein, prices for August were dn 1 ¼ ranging from 5-49 ¾ to 5-69 ¾ DNS wheat with 14 % protein, prices for August were dn 9 ¼ ranging from 8-06 ¼ to 8-51 ¼
Live Cattle for September were dn $.90 at 112.32 ½ Aug Feeder cattle were up $.12 ½ at 146.65 Aug Class III milk was dn $.02 cents at 16-54.
