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Bob Larson Marketline Report for Friday, January 12th
by Bob Larson, click here for bio

Program: Market Line
Date: January 12, 2018

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This is Bob Larson with the Market Line Report for Friday, January 12th. The market is waiting on some USDA report numbers ahead of trading Friday. From the Allendale Trading Desk, here’s Steve Georgy …

Steve Georgy ... “Some of the expectations for that, maybe we get a little bit lower ending stocks for corn. Expected to see higher ending stocks in the beans and that’s why we’ve been drifting lower here as of late. And then for wheat, pretty negative in wheat. They wanted 250-thousand to 450. It came in at 72. So, sales are not good and that’s, even though it may be neutral for expectations, overall, they’re not helping things out. So, will USDA make some changes on this report tomorrow for export sales and if they do, where do they put them out?”

Chicago March Wheat prices closed yesterday dn 1 at 433 ¼

March corn was dn ¼ at 348 ¾

Portland prices for soft white wheat of Ordinary Protein for January ended the day unch ranging from 5-27 to 5-33 ¼ Hard Red Winter wheat with 11 ½ % protein, prices for January were dn ¼ ranging from 5-85 ¼ to 6-00 ¼ DNS wheat with 14 % protein, prices for January were dn 5 ranging from 7-44 to 7-64

Live Cattle for February were up $.20 at 116.80 January Feeder cattle are dn $.55 to 143.92 ½ January Class III milk was up .05 cents at 13.83

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