Marketline Report for Thursday, September 23rd
This is Bob Larson with the Market Line Report for Thursday, September 23rd. Grains higher across the board in Wednesday trading. From the floor of the CME in Chicago, here’s Virginia McGathey.
McGATHEY … “Corn was higher. I think the fed forecast actually was a little bit vague even though the markets really started to take off, and it’s more talking about that they’re going to taper ahead, but just not kind of right now. But the recovery in corn had been pretty solid right now. You know, after four days lower, I think that’s a welcome sight to see. Wheat was higher as well, very, very strong. That $7 benchmark is still like a magnet just pulling that market back to it, you know, along with Kansas City and Minneapolis. They were also rallying and still a pretty strong across the board.”
Chicago Dec Wheat prices closed yesterday up 15 ¾ at 706
Dec Corn was up 8 at 525
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 up 15 ½ ranging from 8-56 to 8-81 DNS wheat with 14 % protein, prices for Oct were up 15 ¾ ranging from 10-38 ½ to 10-48 ½
Live Cattle for Oct were up $.87 ½ at 128.67 ½ Sept Feeder cattle are up $1.10 to 158.05 Sept Class III milk was dn .04 cents at 17.38
