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Bob Larson Marketline Report Friday, July 21st
by Bob Larson, click here for bio

Program: Market Line
Date: July 21, 2017

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This is Bob Larson with the Market Line Report for Friday July 21st . Grains trading higher on Thursday. From the trading desk at the Allendale Brokers, here’s John Georgy …

Georgy ... “Grain market this morning, corn and beans were up slightly. A lot of that due to added heat within the 15-day forecast. Wheat, on the other hand, a lot of reports out there saying that this country’s wheat is a lot lower than expected and prices haven’t moved much. It really is due to the amount of supply that is out there. There’s just a lot of wheat. But, we’ll see what happens with that. I mean, we did have export numbers come in this morning and corn and beans were actually right in expectations. Wheat, though, was almost double of what the expectations were there, so if that continues, that is a positive sign.”

Chicago Sept Wheat prices closed yesterday up 2 ¾ at 507 Sept corn ended the day up 8 ½ at 390 ¼

Portland prices for soft white wheat of Ordinary Protein for August ended the day up 22 ¾ ranging from 5-40 ¾ to 5-45 Hard Red Winter wheat with 11 ½ % protein, prices for August were up 13 ½ ranging from 5-83 ¾ to 5-98 ¾ DNS wheat with 14 % protein, prices for August were up 2 ½ ranging from 8-78 to 8-98

Live Cattle for August were dn $1.40 at 115.72 ½ Aug Feeder cattle were dn $2.22 ½ at 152.02 ½ Aug Class III milk was dn $.06 cents at 15-50.

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