Daily News Reports »

Bob Larson Marketline Report Monday, July 24th
by Bob Larson, click here for bio

Program: Market Line
Date: July 24, 2017

Click on the play button to listen to report.

Download Report: Marketline_Report_Monday,_July_24th.mp3

This is Bob Larson with the Market Line Report for Monday July 24th. Corrections made in grain trading Friday. From the floor of the CME in Chicago, here’s Virginia McGathey ...

McGathey ... “The week was somewhat mixed. We’re in kind of a consolidative phase. Certainly it continues as the market is really looking for some direction. Let’s say that the market had really been over-bought. The rally was so strong that last week’s 4 ½ % retracement of some of the prices, you would think that perhaps the rally is over. That just means that we kind of overextended ourselves a little bit, but I think that the market still has plenty to go. We’re consolidating right now. Exports have been better. The market was over-bought so some traders were taking some profits. That only is where we are right now.”

Chicago Sept Wheat prices closed yesterday dn 6 ½ at 501 ¼ Sept corn ended the day dn 11 ¼ at 380

Portland prices for soft white wheat of Ordinary Protein for August ended the day dn 6 ½ ranging from 5-34 ¼ to 5-50 Hard Red Winter wheat with 11 ½ % protein, prices for August were dn 7 ¾ ranging from 5-76 to 5-91 DNS wheat with 14 % protein, prices for August were dn 12 ¼ ranging from 8-65 ¾ to 8-85 ¾

Live Cattle for August were up $.55 at 117.70 Aug Feeder cattle were up $.67 ½ at 153.25 Aug Class III milk was dn $.19 cents at 16-11.

Recent Reports from Market Line

Click here to see Archived Reports