Bob Larson Marketline Report for Friday, October 6th
by Bob Larson, click here for bio

Program: Market Line
Date: October 06, 2017

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This is Bob Larson with the Market Line Report for Friday, October 6th The grain market pushes up Thursday with wheat holding steady. With more from the floor of the CME in Chicago, here’s Virginia McGathey ...

McGathey ... “The export competition just keeps the futures prices in check right now. Russia did have a huge crop coming out and their exports are really beating us as far as price goes. Even though, the U.S. does have some low prices it’s just not low enough and it’s making it difficult for us to compete with them. But, there is still some demand down the road and we are starting to eat through some of our supplies so it’s helping somewhat. Because of the delay of the planting, we also are getting a delay of the numbers coming in here at harvest time. And so, as those yield numbers come in, we’ll get a better idea of what direction the markets going to go.”

Chicago Dec Wheat prices closed yesterday dn 1 ¼ at 441 ½

December corn was up 1 ¼ at 349 ½

Portland prices for soft white wheat of Ordinary Protein for October ended the day dn 1 ¼ ranging from 5-15 ¾ to 5-45 Hard Red Winter wheat with 11 ½ % protein, prices for October were dn 1 ¾ ranging from 5-34 ¼ to 5-99 ¼ DNS wheat with 14 % protein, prices for October were up 5 ½ ranging from 7-25 ½ to 7-45 ½

Live Cattle for Oct were up $1.07 ½ at 110.20 October Feeder cattle are up $1.47 ½ to 153.55 October Class III milk was up .12 cents at 16.75

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