Daily News Reports »

Bob Larson Marketline Report for Monday, September 17th
by Bob Larson, click here for bio

Program: Market Line
Date: September 17, 2018

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Monday,_September_17th.mp3

This is Bob Larson with the Market Line Report for Monday, Sept 15th. Wheat bounces back on the grain market Friday. From the floor of the CME in Chicago, here's Virginia McGathey.

McGATHEY … “Now, wheat rebounded, thank goodness, off that eight week low. The market was just plummeting and trying to get to a point where we could be a little bit more competitive worldwide, but interestingly enough the drought in Australia is a delight to the Argentine farmers because China said they’re going to be going to Argentina to get their wheat basically because they can’t get anything out of Australia. That’s to the dismay of U.S. farmers, but that’s the way it goes for right now. Our supplies are a little bit tight right now so that’s also helping the market. We were up double-digits today which is actually kind of a positive after the big sell off we had on Wednesday.”

Chicago Sept Wheat prices closed yesterday up 8 ¼ at 479 ½

Sept Corn was up ¾ at 337 ½

Portland prices for soft white wheat of Ordinary Protein for Sept ended the day unch ranging from 5-80 to 6-02 ½ Hard Red Winter wheat with 11 ½ % protein, prices for Sept were up 14 ½ ranging from 6-16 ¼ to 6-26 ¼ DNS wheat with 14 % protein, prices for Sept were up 10 ¼ ranging from 6-57 ¼ to 6-62 ¼

Live Cattle for Oct were up $3.00 at 113.80 Sept Feeder cattle are up $2.47 ½ to 157.50 Sept Class III milk was dn .02 cents at 16.11

Recent Reports from Market Line

Click here to see Archived Reports