Marketline Report for Monday, October 2nd

Marketline Report for Monday, October 2nd

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Monday, October 2nd Soybean stocks down in the latest USDA report. With details from the floor of the CME in Chicago, here's Terry Roggensack ...

Roggensack ... "So, we went from 345-million bushels for this 17-18 beginning stock number down to 301-million bushels today with that September 1st stocks report. What does that really mean? Well, some of it was last year's production down a little bit, but most of it was because demand is better. The crush number last month came in 5-million bushels above the average trade estimate. Well, for the whole year that would be 60-million bushels. So, the USDA does have some ammunition to raise demand in the next supply-demand report."

Chicago Dec Wheat prices closed yesterday dn 6 ¾ at 449

December corn was up 2 ¾ at 356 ¼

Portland prices for soft white wheat of Ordinary Protein for October ended the day dn 6 ¾ ranging from 5-23 ¼ to 5-45 Hard Red Winter wheat with 11 ½ % protein, prices for September were dn 10 ¼ ranging from 5-62 ¾ to 5-97 ¾ DNS wheat with 14 % protein, prices for September were dn 21 ¼ ranging from 7-33 ¾ to 7-53 ¾

Live Cattle for Oct were up $.12 ½ at 109.05 October Feeder cattle are dn $.72 ½ to 151.92 ½ October Class III milk was dn .02 cents at 16.27

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