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Bob Larson Marketline Report Tuesday, August 15th
by Bob Larson, click here for bio

Program: Market Line
Date: August 15, 2017

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This is Bob Larson with the Market Line Report for Tuesday, August 15th. Grains on the down side Monday. From the Allendale Trading Desk, here’s Steve Georgy ...

Georgy ... “When you look at the weather models out there, we’ve got rain on the way, we’ve got cooler temperatures, we’ve got more of a bearish weather model, especially for beans. So, guys are talking. This number that we had gotten from USDA on beans, is that possible? Can we get an increase as far as yield? Well, if we get these rains through August and we do end up staying a little bit cooler where we’re not seeing such heat, maybe. We’ll have to see, but how much lower can we really go right now, we’ll have to find that out too, but new lows made overnight. We’ll see if we can push those again during the day session or do we find a little bit of strength and try and get back above some resistance area.”

Chicago Sept Wheat prices closed yesterday up 1 ¾ at 440 ¼ Sept corn ended the day up 2 at 362 ½

Portland prices for soft white wheat of Ordinary Protein for September ended the day up 1 ¾ ranging from 5-21 to 5-60 Hard Red Winter wheat with 11 ½ % protein, prices for September were dn 4 ½ ranging from 5-21 ¾ to 5-41 ¾ DNS wheat with 14 % protein, prices for September were dn 4 ranging from 7-60 to 7-80

Live Cattle for Aug were dn $.67 ½ at 108.80 Aug Feeder cattle were up $.52 ½ at 142.20 Sept Class III milk was up $.02 cents at 17-11.

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