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Bob Larson Marketline Report for Friday, June 8th
by Bob Larson, click here for bio

Program: Market Line
Date: June 08, 2018

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This is Bob Larson with the Market Line Report for Friday, June 8th. The grain market is holds somewhat steady on Thursday. From the floor of the CME in Chicago, here's Larry Shover.

SHOVER ... "July corn, fractionally lower today. Right now, the last five days for the month of July, contracts down 4-and-a-half percent, still holding on to almost a 2-and-a-half year-to-date gain. Let’s see what happens going forward. USDA export sales came out a little bit shy of expectations. That’s really adding pressure to the market a little bit today. 838,616 metric tons of old crop corn was sold. That was more than twice as large as the same week last year, but 15.5% behind this time last week.”

Chicago July Wheat prices closed yesterday up 7 at 527 ½

July Corn was dn 2 at 376 ½

Portland prices for soft white wheat of Ordinary Protein for June ended the day unch ranging from 5-90 to 6-05 Hard Red Winter wheat with 11 ½ % protein, prices for June were up 4 ¾ ranging from 6-69 ½ to 6-94 ½ DNS wheat with 14 % protein, prices for June were dn ¾ ranging from 7-32 ¼ to 7-47 ¼

Live Cattle for June were up $.07 ½ at 108.57 ½ Aug Feeder cattle are dn $.67 ½ to 146.32 ½ June Class III milk was up $.14 cents at 15.45

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