Marketline Report for Wednesday, September 12th
ROGGENSACK ... "Number one factor, if the average yield estimate comes in for the report tomorrow, ending stocks come in at a record high 846-million bushels. That's up 96.7% from a year ago. That's up 180% from two years ago. Second factor, world ending stocks are expected to come in at 107.3 million tons. This is also a record high number, up 12.2% from a year ago, up 72% from five years ago."
Chicago Sept Wheat prices closed yesterday dn 10 ¼ at 497 ¼
Sept Corn was up 4 ½ at 364 ¼
Portland prices for soft white wheat of Ordinary Protein for Sept ended the day unch ranging from 5-90 to 5-95 Hard Red Winter wheat with 11 ½ % protein, prices for Sept were up 19 ranging from 6-22 ¾ to 6-32 ¾ DNS wheat with 14 % protein, prices for Sept were up 10 ½ ranging from 6-60 ¼ to 6-65 ¼
Live Cattle for Oct were dn $.85 at 109.35 Sept Feeder cattle are dn $.40 to 152.25 Sept Class III milk was dn .11 cents at 16.15