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

Program: Market Line
Date: April 19, 2018

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This is Bob Larson with the Market Line Report for Thursday, April 19th. Wheat leads the charge on the grain market. From the floor of the CME in Chicago, here's Virginia McGathey.

McGATHEY ... "Wheat was the real player today. It was much higher. It seems that the rain in the southern plains is just not enough to help whatever winter wheat we have and it seems that the drought stress is really making it difficult to get the wheat out of the ground and most farmers and real experts are saying that it’s really too late, that even if we do get some decent rain it won’t be enough to really revive the crop. And, in some areas, they’re saying that it’s really looking like the old days of the dust bowl with the high winds and the dry weather it certainly seems that that’s what we’re looking at right now."

Chicago May Wheat prices closed yesterday up 9 at 475 ¼

May Corn was up 2 ¾ at 382 ½

Portland prices for soft white wheat of Ordinary Protein for May ended the day unch ranging from 5-82 to 5-91 ¼ Hard Red Winter wheat with 11 ½ % protein, prices for April were up 8 ¼ ranging from 6-33 ¾ to 6-48 ¾ DNS wheat with 14 % protein, prices for April were up 5 ½ ranging from 7-53 to 7-78

Live Cattle for April were up $.92 ½ at 119.02 ½ April Feeder cattle are up $.02 ½ to 138.80 April Class III milk was unch cents at 14.48

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