Bob Larson Marketline Report for Thursday, September 21st
by Bob Larson, click here for bio

Program: Market Line
Date: September 21, 2017

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This is Bob Larson with the Market Line Report for Thursday, September 21st The grain market showing signs of improvement. With details from the Allendale Trading desk, here’s Steve Georgy ...

Georgy ... “Today starting off a little better as far as the grains. Corn up about a penny overnight. Beans up about three, but probably going to see some further strength out of beans. There was some announcements of sales made for beans. We did have over a million metric tons sold to unknown. China also coming in buying so some big purchases could give us a little bit better start when we get things kicked off. So, we’ll see if that can carry throughout the day. The big thing is for beans is that we do have some demand. We have seen the strong demand over the weeks. We see this demand continue right now. Our prices for beans around the globe are very competitive and that’s what we’re getting right now and helping out to support this market at these levels.”

Chicago Dec Wheat prices closed yesterday up 6 ¾ at 451 ½

December corn was up 1 ¾ at 350 ¼

Portland prices for soft white wheat of Ordinary Protein for October ended the day up 2 ranging from 5-20 to 5-37 Hard Red Winter wheat with 11 ½ % protein, prices for September were up 6 ranging from 5-48 to 5-78 DNS wheat with 14 % protein, prices for September were up 4 ¼ ranging from 7-11 ½ to 7-31 ½

Live Cattle for Oct were up $2.97 ½ at 110.92 ½ Sept Feeder cattle are up $2.40 to 154.02 ½ Sept Class III milk was up .06 cents at 16.33

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