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Bob Larson Marketline Report for Friday, January 18th
by Bob Larson, click here for bio

Program: Market Line
Date: January 18, 2019

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This is Bob Larson with the Market Line Report for Friday, Jan 18th. The grain market gets a boost on Thursday with positive export numbers. From the floor of the CME in Chicago, here’s Terry Roggensack.

ROGGENSACK … “Talk a little bit about the corn market today. We think the corn market is in a position to attract some strong demand ahead. First of all, cumulative export inspections year to date for the marketing year so far, 19.5-million tons. That’s up 61.4% from last year. If China emerges as a buyer for U.S. corn or for all world corn this year, it could end up being significant. Keep in mind, China’s trade deficit or production deficit for this past year, 26.5-million tons. That’s over a billion bushels of corn.”

Chicago March Wheat prices closed yesterday up 5 ½ at 518

March Corn was up 6 at 380 ½

Portland prices for soft white wheat of Ordinary Protein for Jan ended the day unch ranging from 6-10 to 6-35 Hard Red Winter wheat with 11 ½ % protein, prices for Jan were up 8 ½ ranging from 6-59 to 6-64 DNS wheat with 14 % protein, prices for Jan were up 7 ranging from 6-62 to 6-77

Live Cattle for Feb were dn $.72 ½ at 127.00 Jan Feeder cattle are dn $2.35 to 141.42 ½ Jan Class III milk was dn .06 cents at 14.00

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