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Bob Larson Marketline Report for Friday, June 15th
by Bob Larson, click here for bio

Program: Market Line
Date: June 15, 2018

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This is Bob Larson with the Market Line Report for Friday, June 15th. Grains are down in Thursday trading led by an uncertain corn market. From the floor of the CME in Chicago, here's Terry Rogensack.

ROGENSACK ... "Corn seems to be wanting to turn up, or is corn going to be able to turn up soon is the real question. We think that the fundamentals still remain very positive for the corn market. Right now, we are in the process a major long liquidation sell off. First factor, which we think could help us turn the corner, is that most of the weather premiums seems to be gone from the market and there is a risk that just a minor weather issue could cause a turn back up into the market.”

Chicago July Wheat prices closed yesterday dn 15 at 502 ¼

July Corn was dn 13 at 363 ¼

Portland prices for soft white wheat of Ordinary Protein for June ended the day unch ranging from 5-90 to 6-18 Hard Red Winter wheat with 11 ½ % protein, prices for June were dn 16 ¾ ranging from 6-47 ¼ to 6-72 ¼ DNS wheat with 14 % protein, prices for June were dn 7 ranging from 7-12 ½ to 7-27 ½

Live Cattle for June were dn $1.67 ½ at 105.97 ½ Aug Feeder cattle are dn $1.97 ½ to 143.62 ½ June Class III milk was dn .03 cents at 15.37

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