Marketline Report for Wednesday, October 17th
ROGGENSACK ... "December corn, taking a beating today as the market pulls back on the weather, but is that really going to be a change in trend? We think, no. The China National Grain and Oil Information Center pegged their corn crop at 216.5-million tons. The USDA, just last week, 225-million tons. CONAB, or the official USDA down in Brazil, they pegged their corn crop at 89.7 and 91.1-million tons. USDA, 94.5."
Chicago Dec Wheat prices closed yesterday dn 1 ½ at 523 ¼
Dec Corn was dn 3 at 375 ¼
Portland prices for soft white wheat of Ordinary Protein for Oct ended the day unch ranging from 6-00 to 6-22 Hard Red Winter wheat with 11 ½ % protein, prices for Oct were dn 3 ¾ ranging from 6-38 to 6-58 DNS wheat with 14 % protein, prices for Oct were dn 4 ¼ ranging from 6-81 ¼ to 6-91 ¼
Live Cattle for Oct were dn $.72 ½ at 112.62 ½ Oct Feeder cattle are dn $1.07 ½ to 153.95 Oct Class III milk was up .02 cents at 15.62