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Bob Larson Marketline Report for Tuesday, October 17th
by Bob Larson, click here for bio

Program: Market Line
Date: October 17, 2017

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This is Bob Larson with the Market Line Report for Tuesday, October 17th. The grain market slumps across the board Monday. With more from the floor of the CME in Chicago, here’s Virginia McGathey ...

Virginia McGathey ... “Corn, it was sagging some. The futures, really, had bumped up against some resistance numbers at $353 on the December contracts and retrace back a little bit, just really a couple cents. But, the corn harvest has been coming in at about 31 percent of the total harvest right now. That’s right where we expected to be at this time so there isn’t much happening there so the markets were a little bit sagging this Monday. As well as wheat, it was lower too and after a firm start, traders started to take some profits and really pressed the market lower. The world wheat supplies are still very high and that does add pressure to the market and has been keeping it down somewhat.”

Chicago Dec Wheat prices closed yesterday dn 3 at 436 ¼

December corn was dn 2 ¼ at 351

Portland prices for soft white wheat of Ordinary Protein for October ended the day dn 3 ranging from 5-11 ½ to 5-35 Hard Red Winter wheat with 11 ½ % protein, prices for October were dn 2 ½ ranging from 5-33 ¾ to 5-98 ¾ DNS wheat with 14 % protein, prices for October were dn 5 ½ ranging from 7-19 ½ to 7-39 ½

Live Cattle for Oct were dn $1.10 at 11.97 ½ October Feeder cattle are dn $.05 to 154.12 ½ October Class III milk was up .04 cents at 16.76

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