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

Program: Market Line
Date: March 14, 2019

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This is Bob Larson with the Market Line Report for Thursday, Mar 14th. Volatility remains as grains give back some of Tuesday's big gains. From the floor of the CME in Chicago, here's Virginia McGathey.

McGATHEY ... "I know that we had talked about this before, that wheat would be the leader if the market actually started to rally and sure enough it showed us it did. A lot of it is because it's been heavily oversold and the market's a little bit thin so you get a little bit of a head of steam and it really starts to push it a little bit higher. But, the rally has still held on to a lot of its numbers and there's still a lot of shorts to be covered, but it may be too early to say that the bottom is in yet so we'll keep our fingers crossed that the market is going to continue to move. It has been very strange that a lot of the investment funds have been short, corn, wheat and soybeans, at this level, at this time of year right before the planting season has started."

Chicago March Wheat prices closed yesterday dn 6 at 441 ½

March Corn was up ¾ at 356 ½

Portland prices for soft white wheat of Ordinary Protein for Mar ended the day unch ranging from 5.90 to 6-30 Hard Red Winter wheat with 11 ½ % protein, prices for Mar were dn 6 ranging from 6-11 ¾ to 6-26 ¾ DNS wheat with 14 % protein, prices for Mar were dn 10 ¼ ranging from 6-60 ½ to 6-75 ½

Live Cattle for Apr were up $.02 ½ at 126.72 ½ Mar Feeder cattle are up $.25 to 141.72 ½ Mar Class III milk was dn .01 cents at 14.92

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