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Bob Larson Marketline Report for Friday, August 4th
by Bob Larson, click here for bio

Program: Market Line
Date: August 04, 2017

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This is Bob Larson with the Market Line Report for Friday, August 4th. Grains on the down side Thursday. From the floor of the CME in Chicago, here’s Joe Vaclavik ...

Vaclavik ... “Corn futures market traded both sides of unchanged here on Thursday. Futures have generally leaked lower during the last few weeks after topping an early July. As a matter of fact, our December corn futures traded as low as $374 back in June. We traded as low $375 and kind of tested those lows here on Thursday. So, overall, definitely some weakness here, but still generally confined to what had been a multi-month trading range earlier this year. Weather has been a big issue here. Most areas of the corn-belt have had some issues at one point or another throughout the growing season. So, everywhere has had their issues and how that translates to final yield, we’re still not too sure.”

Chicago Sept Wheat prices closed yesterday dn 3 at 457 ½ Sept corn ended the day dn 1 ½ at 364

Portland prices for soft white wheat of Ordinary Protein for September ended the day dn 3 ranging from 5-02 ¾ to 5-32 Hard Red Winter wheat with 11 ½ % protein, prices for September were dn 4 ¾ ranging from 5-34 ¾ to 5-64 ¾ DNS wheat with 14 % protein, prices for September were dn 9 ranging from 7-88 ¼ to 8-23 ¼

Live Cattle for September were up $.70 at 115.15 Sept Feeder cattle were up $.60 at 150.75 Sept Class III milk was dn $.21 cents at 16-86.

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