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Bob Larson Marketline Report Tuesday June 13th
by Bob Larson, click here for bio

Program: Market Line
Date: June 13, 2017

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This is Bob Larson with the Market Line Report for Tuesday June 13th. A down day in the market Monday. With yesterday’s results from the floor of the CME in Chicago, here’s Virginia McGathey …

McGathey … “Wheat was down the most overall, 14-and-a-half cents. Now, that was vulnerable because that really started the market and it was way higher than we had all expected. Harvest pressure coming in definitely added to that. Rains in the plains, that tells us that that’s going to give back a lot of what we gained on the wheat market. But, this definitely tells us we have a lot of volatility ahead, but this hot weather coming just in the next couple of days across the United States, we expect that this may continue back and forth over the summer. So, we are going to have a very, very volatile grain market.”

Chicago July Wheat prices closed yesterday dn 11 ¾ at 434 July corn ended the day dn 10 ½ at 376 ¾

Portland prices for soft white wheat of Ordinary Protein for July ended the day dn 11 ¾ ranging from 4-54 to 4-91 Hard Red Winter wheat with 11 ½ % protein, prices for July were dn 8 ¾ ranging from 5-17 ¾ to 5-22 ¾ DNS wheat with 14 % protein, prices for July were dn 6 ranging from 7-00 ½ to 7-15 ½

Live Cattle for June were dn $2.90 at 128.70 Aug Feeder cattle were dn $2.62 ½ at 151.92 ½ June Class III milk was up $.03 cents at 16-31.

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