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Bob Larson Marketline Report for Thursday, November 30th
by Bob Larson, click here for bio

Program: Market Line
Date: November 30, 2017

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This is Bob Larson with the Market Line Report for Thursday, November 30th. More ups than downs in the commodity market Wednesday. From the floor of the CME in Chicago, here’s Virginia McGathey …

Virginia McGathey ... “The wheat market jumped up and the futures really rebounded off the contract lows. Winter wheat could possibly be looking for a three day rally, but it certainly seems that that could be the way to go. But, we have to watch out for more commercial selling. If commercials come in and start to sell some of the wheat contract, we could see the market start to turn down again and then the $4 number is really looking like the support number. But, at this time, we’re still going to have a little bit more choppy markets so there’s a number of things still in play here as we go into the end of the month of November.”

Chicago Dec Wheat prices closed yesterday up 5 ¾ at 417

December corn was up 2 ¾ at 340

Portland prices for soft white wheat of Ordinary Protein for December ended the day up 4 ranging from 5-14 ¾ to 5-35 Hard Red Winter wheat with 11 ½ % protein, prices for December were up 4 ranging from 5-73 ¼ to 5-78 ¼ DNS wheat with 14 % protein, prices for December were unch ranging from 7-23 ½ to 7-48 ½

Live Cattle for December were up $.82 ½ at 120.47 ½ January Feeder cattle are up $1.07 ½ to 155.80 November Class III milk was up .08 cents at 15.33

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