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Bob Larson Marketline Report for Thursday, August 16th
by Bob Larson, click here for bio

Program: Market Line
Date: August 16, 2018

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This is Bob Larson with the Market Line Report for Thursday, Aug 16th. The grain market is sluggish in Wednesday trading. From the floor of the CME in Chicago, here's Virginia McGathey.

McGATHEY ... "Wheat was also lower. Futures really gave back all of yesterday’s gains so it seems like the uncertainty is ruling the day that the market is consolidating in about a .20 cent range which is relatively large that commodity, but weather and crop progress reports are what we’re looking to for direction. And, lest we forget, that that super-strong U.S. Dollar Index just keeps moving and with that strong dollar makes it really difficult for us to kind of move some of our grains. So, we’re going to hang on and hope that we can get a little bit of relief and start to move, but we know that there’s going to be a lot of volatility here coming up for the rest of the summer for sure.”

Chicago Sept Wheat prices closed yesterday dn 9 ½ at 532 ½

Sept Corn was dn ¾ at 361 ½

Portland prices for soft white wheat of Ordinary Protein for Sept ended the day unch ranging from 6-15 to 6-25 Hard Red Winter wheat with 11 ½ % protein, prices for Sept were dn 10 ½ ranging from 6-35 ¼ to 6-45 ¼ DNS wheat with 14 % protein, prices for Sept were dn 12 ½ ranging from 6-68 ¾ to 6-83 ¾

Live Cattle for Aug were up $.35 at 108.60 Aug Feeder cattle are up $.12 ½ to 149.50 Aug Class III milk was dn .03 cents at 14.99

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