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Bob Larson Marketline Report for Thursday, October 5th
by Bob Larson, click here for bio

Program: Market Line
Date: October 05, 2017

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This is Bob Larson with the Market Line Report for Thursday, October 5th SGrain market trading on Wednesday. With more from the Allendale Trading Desk, here’s Steve Georgy ...

Georgy ... “Some of the focus thought today isn’t going to be so much on day-to-day interaction is that it will be on next Thursday, USDA Supply and Demand Report. Will we get a change for yields? Will we get a change here as far as acreage? So, will they start recognizing some of these acreage shifting that is expected? So, when you look at that, maybe a little less corn acres, maybe more bean acres? We saw a lot of replant out there, but also a lot of ground that was left, that wasn’t planted either. So, these numbers all have to come in and usually on this October report we do see some change for that. So, if there is a surprise for next Thursday, it may be more on this acreage issue more than anything else.”

Chicago Dec Wheat prices closed yesterday dn 6 at 442

December corn was dn 1 ¼ at 348 ¼

Portland prices for soft white wheat of Ordinary Protein for October ended the day dn 6 ranging from 5-17 to 5-45 Hard Red Winter wheat with 11 ½ % protein, prices for October were dn 30 ¾ ranging from 5-36 to 6-01 DNS wheat with 14 % protein, prices for October were dn 12 ¼ ranging from 7-20 to 7-40

Live Cattle for Oct were dn $.02 ½ at 109.22 ½ October Feeder cattle are dn $.32 ½ to 152.22 ½ October Class III milk was up .23 cents at 16.66

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