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Bob Larson Marketline Report for Wednesday, November 14th
by Bob Larson, click here for bio

Program: Market Line
Date: November 14, 2018

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This is Bob Larson with the Market Line Report for Wednesday, Nov 14th. Trade remains uncertain in Tuesday’s grain market. From the floor of the CME in Chicago, here’s Terry Roggensack.

ROGGENSACK … “Traders, in general, can continue to ride the rumors of better negotiations between China and the U.S. on the trade issues higher over the near-term, but be ready to sell the fact once we get a deal done. The first factor for the market, there are rumors of better negotiations between the U.S. and China especially as we work our way into the G-20 meeting later this month where officials, top officials are working on a potential setup for some type of trade agreement.”

Chicago Dec Wheat prices closed yesterday dn 12 at 506 ½

Dec Corn was dn 4 ¾ at 366

Portland prices for soft white wheat of Ordinary Protein for Nov ended the day unch ranging from 6-20 to 6-35 Hard Red Winter wheat with 11 ½ % protein, prices for Nov were dn 7 ranging from 6-26 ½ to 6-51 ½ DNS wheat with 14 % protein, prices for Nov were dn 4 ¼ ranging from 6-78 ¼ to 6-88 ¼

Live Cattle for Dec were up $.45 at 115.27 ½ Nov Feeder cattle are up $.60 to 149.05 Nov Class III milk was up .03 cents at 14.54

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