Daily News Reports »

Bob Larson Market Line Report Monday May 8th
by Bob Larson, click here for bio

Program: Market Line
Date: May 08, 2017

Click on the play button to listen to report.

Download Report: Market_Line_Report_Monday_May_8th.mp3

This is Bob Larson with the Market Line Report for Monday May 8th. Weather in the Midwest continues to keep grain traders on their toes. With more from the floor of the CME in Chicago, here’s Alan Knuckman …

Knuckman … “Talking grains with a focus on corn. Corn today was up 1 pecent, up 4 cents. 371 was the finish for the week. It’s been an interesting weather-driven week. We had that higher open on Monday and because of the weather, there’s concerns about the plantings being behind schedule could see a shift into soybeans and that’s given the corn market a bit of a boost. Also, on a fundamental basis, maybe less talked about this week, but there is an undercurrent of concern in the fact that Brazil, Brazil’s ethanol demand could be hurt as they’re talking about potential tax on the products from the United States.”

Chicago May Wheat prices closed yesterday up 1 ½ at 428 May corn ended the day up 3 ¾ at 362 ½

Portland prices for soft white wheat of Ordinary Protein for June ended the day up 4 ½ ranging from 4-62 ¼ to 4-85 Hard Red Winter wheat with 11 ½ % protein, prices for June were up 5 ½ ranging from 5-20 at 5-35 DNS wheat with 14 % protein, prices for June were up ¾ ranging from 6-54 ¼ to 6-79 ¼

Live Cattle for June were dn $3.00 at 128.30 May Feeder cattle were dn $4.50 at 143.77 ½ Class III milk was up 12 cents at 15-60.

Recent Reports from Market Line

Click here to see Archived Reports