Daily News Reports »

Bob Larson Marketline Report for Tuesday, June 19th
by Bob Larson, click here for bio

Program: Market Line
Date: June 19, 2018

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Tuesday,_June_19th.mp3

This is Bob Larson with the Market Line Report for Tuesday, June 19th. The slide continues for prices on the wheat market Monday. From the floor of the CME in Chicago, here's Virginia McGathey.

McGATHEY ... "Wheat was falling again for the fourth day in a row. It seems that the prices are hovering over Friday’s low because even though we had a big low Friday the market did come back towards the end of the day, but now we’re right at those levels again. It’s so difficult and interestingly enough the weather in Russia is very dry right now and that’s a big wheat belt there and we know that there was some reduction in the world ending stocks. We’re hoping that maybe that could continue to help drive prices or, at least, hold them up, but it really hasn’t done that since we’ve been lower for four days in a row. And, there’s been super-hot temperatures across the U.S., all those thing you would think would give the market a little shot in the arm, but nothin’ doing right now.”

Chicago July Wheat prices closed yesterday dn 9 ½ at 490

July Corn was dn 7 at 355 ½

Portland prices for soft white wheat of Ordinary Protein for June ended the day unch ranging from 5-90 to 6-18 Hard Red Winter wheat with 11 ½ % protein, prices for June were dn 20 ¼ ranging from 6-24 ½ to 6-49 ½ DNS wheat with 14 % protein, prices for June were dn 7 ranging from 6-98 ¾ to 6-13 ¾

Live Cattle for June were dn $.15 at 108.42 ½ Aug Feeder cattle are up $1.00 to 149.05 June Class III milk was dn .04 cents at 15.36

Recent Reports from Market Line

Click here to see Archived Reports