Marketline Report for Friday, November 10th
This is Bob Larson with the Market Line Report for Friday, November 10th The numbers are out for the grain market with corn hitting new highs. From the floor of the CME in Chicago, here's Terry Roggensack ...
Terry Roggensack ... "Biggest factor for the report today, record yield for corn this year in spite of very variable weather across the U.S. Last year's weather was thought to be about as perfect as you can get. And this year, we had all kinds of issues all across the Midwest, but in the end we end up with a record yield, 175.4 bushels per acre. The trade was looking for 172.4. The range of estimates was 170 to 174 so the 175.4 was really quite the shocker for the market today."
Chicago Dec Wheat prices closed yesterday up 2 ¼ at 429 ½
December corn was dn 6 ¾ at 342
Portland prices for soft white wheat of Ordinary Protein for November ended the day up 3 ¼ ranging from 5-25 to 5-35 Hard Red Winter wheat with 11 ½ % protein, prices for November were up 1 ½ ranging from 5-84 to 5-99 DNS wheat with 14 % protein, prices for November were up 4 ½ ranging from 7-68 to 7-78
Live Cattle for December were dn $.45 at 122.37 ½ November Feeder cattle are up $1.15 to 158.20 November Class III milk was up .23 cents at 16.73
