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

Program: Market Line
Date: September 14, 2017

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This is Bob Larson with the Market Line Report for Thursday, September 14th Wheat prices reacting to the USDA’s latest report. From the Floor of the CME in Chicago, here’s ...

... “Wheat also was higher. You know, lower world stocks at this time, those numbers offered much needed support. We haven’t seen the world stock numbers go down in quite a while and that’s what has really been hampering wheat really for over a year now. We know that we had the Spring Wheat issue earlier in the Summer and it made the market rally to a high that we hadn’t seen quite a while. So, the fact that we’re starting to reduce those numbers it’s helping the market. Now, let’s not forget that wheat has been oversold for a little while now. We’ve got a little bit of support and we’ve gotten a couple of days in a row that’s given it somewhat of a lift.”

Chicago Sept Wheat prices closed yesterday up 1 ¼ at 426

Sept corn was dn 1 ½ at 341

Portland prices for soft white wheat of Ordinary Protein for September ended the day up 20 ranging from 5-10 to 5-32 Hard Red Winter wheat with 11 ½ % protein, prices for September were up 17 ½ ranging from 5-34 ¼ to 5-74 ¼ DNS wheat with 14 % protein, prices for September were up 1 ¾ ranging from 7-33 ½ to 7-53 ½

Live Cattle for Oct were up $1.27 ½ at 107.67 ½ Sept Feeder cattle are up $.62 ½ to 148.80 Sept Class III milk was dn .04 cents at 16.28

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