Marketline Report Tuesday, June 27th

Marketline Report Tuesday, June 27th

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Tuesday June 30th. Monday's grain market down a bit in trading. From the Allendale Trading Desk with more on the results, here's John Georgy ...

Georgy ... "Grains, fairly stable today after large pull-backs and really all of the grains markets. Corn and beans are up slightly. Wheat is still down about 7 cents today. A lot of eyes will be on this crop progress report at 3 o'clock today so keep an eye out for that. Cattle are mixed today. Deferred contracts are down slightly while the near-term are up. And hogs are up sharply again due to higher cut-out value."

Chicago July Wheat prices closed yesterday dn 2 at 433 ¼ July corn ended the day dn 4 at 376 ¾

Portland prices for soft white wheat of Ordinary Protein for July ended the day up 3 ranging from 4-68 to 4-91 Hard Red Winter wheat with 11 ½ % protein, prices for July were up .50 ranging from 5-32 ½ to 5-37 ½ DNS wheat with 14 % protein, prices for July were dn .50 ranging from 7-27 ½ to 7-42 ½

Live Cattle for June were dn $3.00 at 124.50 Aug Feeder cattle were dn $3.82 ½ at 146.37 ½ June Class III milk was up $.03 cents at 16-34.

Previous ReportWheat Futures Traded Mixed on Friday
Next ReportMarketline Report Wednesday June 28th