Marketline Report for Wednesday, September 22nd
This is Bob Larson with the Market Line Report for Wednesday, September 22nd. The corn market outsells other ag commodities in Tuesday trading. From the floor of the CME in Chicago, here’s Terry Rogensack.
ROGENSACK … “The very negative outside market forces this week drove November’s soybeans down to the lowest level since June 18th. But December corn managed to hold support well above the September 10th USDA Day lows. Cumulative export sales for corn have reached 39.1% of the USDA forecast for the entire season. That compares with the five year average for this time of the year at just 25.4%, so pretty good export pace even with the disruptions we’ve seen.”
Chicago Dec Wheat prices closed yesterday dn 11 ¼ at 689 ½
Dec Corn was dn 5 ¼ at 516 ½
Portland prices for soft white wheat of Ordinary Protein for Oct ended the day unch ranging from 10-50 to 11-50 Hard Red Winter wheat with 11 ½ % protein, prices for Oct were dn 9 ½ ranging from 8-40 ½ to 8-65 ½ DNS wheat with 14 % protein, prices for Oct were dn 6 ¼ ranging from 10-22 ¾ to 10-32 ¾
Live Cattle for Oct were dn $.30 at 127.77 ½ Sept Feeder cattle are up $.27 ½ to 156.90 Sept Class III milk was up .35 cents at 17.45
