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Bob Larson Marketline Report for Thursday, October 19th
by Bob Larson, click here for bio

Program: Market Line
Date: October 19, 2017

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This is Bob Larson with the Market Line Report for Thursday, October 19th. Wednesday trade in the grain market reacting to ending stock estimates. From the floor of the CME in Chicago, here’s Terry Roggensack ...

Terry Roggensack ... “Talk about soybeans today. The USDA, at this time, has the 2017/18 U.S. ending stocks coming in about 430-million bushels. In each of the previous three years, we’ve anywhere from 425-to-475-million bushels as the outlook for ending stocks at this time of year. So, while we’re starting at a very high level, we’ve seen a combination of demand, growth from China, and a little bit of a supply issue helping to drag that ending stock level down as we get closer to the end of the marketing year.”

Chicago Dec Wheat prices closed yesterday dn 4 ¾ at 429 ¾

December corn was dn 1 ½ at 348 ¾

Portland prices for soft white wheat of Ordinary Protein for October ended the day up 20 ¼ ranging from 5-30 to 5-35 Hard Red Winter wheat with 11 ½ % protein, prices for October were up 54 ¾ ranging from 5-88 to 5-93 DNS wheat with 14 % protein, prices for October were up 19 ranging from 7-40 to 7-45

Live Cattle for Oct were up $.30 at 111.70 October Feeder cattle are up $.37 ½ to 152.55 October Class III milk was dn .11 cents at 16.69

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