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Bob Larson Marketline Report Tuesday July 4th
by Bob Larson, click here for bio

Program: Market Line
Date: July 04, 2017

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This is Bob Larson with the Market Line Report for Tuesday July 4th. Due to holiday closures, here’s Friday’s close from the floor of the CME in Chicago, with Virginia McGathey …

McGathey … “Wheat, limit up. The explosive rally continues as the USDA acreage report comes in lower. We’ve got a new 10-day high for the wheat market and it all started with hot and dry weather in the Dakotas was the seed that really sprouted this rally. And, it looks like the difficulties in that region for the cross has really spread across all of the wheat complex. So, Kansas City wheat and Chicago wheat have all been higher. So, closing limit up today for the first time in quite a long time and the second quarter of the month and the final week right before our Fourth of July holiday.”

Chicago July Wheat prices closed yesterday up 30 ¾ at 511 July corn ended the day up 10 ¾ at 370

Portland prices for soft white wheat of Ordinary Protein for July ended the day up 30 ¾ ranging from 5-05 to 5-56 Hard Red Winter wheat with 11 ½ % protein, prices for July were up 30 ¾ ranging from 5-86 ¼ to 6-01 ¼ DNS wheat with 14 % protein, prices for July were up 26 ½ ranging from 8-77 ¾ to 8-82 ¾

Live Cattle for June were dn $1.10 at 119.10 Aug Feeder cattle were up $.75 at 148.20 July Class III milk was up $.01 cents at 15-71.

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