Marketline Report for Monday, August 26th
This is Bob Larson with the Market Line Report for Monday, Aug 26th. Soy and corn fall lower while wheat is mixed in Friday trading. From the floor of the CME in Chicago, here's Virginia McGathey.
McGATHEY ... "Wheat was kind of mixed. Now, they have like export sales that are up. The Canada estimates are also higher so you have kind of competing news issues that are pushing the market around. So, wheat is the only grain that really is holding itself up. I mean, it looks like that the sales numbers are coming up and that's offering some big support underneath. Although, it still looks like that there's a possibility the market could move a little bit lower. We're going to watch that closely. The open fighting with the tariff wars has really amped up to an area that we haven't quite seen. So, next week promises to be a lot more volatile. Anything can happen over this weekend."
Chicago Sept Wheat prices closed yesterday up 8 at 475 ¼
Sept Corn was dn 3 ½ at 358 ¼
Portland prices for soft white wheat of Ordinary Protein for Aug ended the day unch ranging from 5-55 to 5-75 Hard Red Winter wheat with 11 ½ % protein, prices for Aug were dn 1 ¾ ranging from 5-11 ½ to 5-21 ½ DNS wheat with 14 % protein, prices for Aug were up ¼ ranging from 5-73 ¾ to 5-78 ¾
Live Cattle for Aug were dn $.35 at 104.80 Aug Feeder cattle are dn $1.05 to 137.10 Aug Class III milk was up .02 cents at 17.59
