Marketline Report for Friday, September 24th

Marketline Report for Friday, September 24th

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Friday, September 24th. Grains trend up for the second day in a row in Thursday 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, you know, after four days lower. The gulf is really moving up into full capacity, so that’s helping the corn market as well. So, I think that the volatility has come down a little bit, but there has been, somewhat in the skew of the options, kind of popped up with today’s moving higher.”

Chicago Dec Wheat prices closed yesterday up 13 ¼ at 719

Dec Corn was up 3 ¾ at 529 ¼

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 14 ranging from 8-70 to 8-95 DNS wheat with 14 % protein, prices for Oct were up 8 ranging from 10-46 ½ to 10-56 ½

Live Cattle for Oct were dn $.07 ½ at 128.47 ½ Sept Feeder cattle are dn $.32 ½ to 157.90 Sept Class III milk was dn .08 cents at 17.27

Previous ReportMarketline Report for Thursday, September 23rd
Next ReportBeef Exports Increase