Daily News Reports »

Bob Larson Marketline Report for Tuesday, August 21st
by Bob Larson, click here for bio

Program: Market Line
Date: August 21, 2018

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Tuesday,_August_21st.mp3

This is Bob Larson with the Market Line Report for Tuesday, Aug 21st. Market volatility was certainly a factor in Monday wheat trading. From the floor of the CME in Chicago, here's Virginia McGathey.

McGATHEY ... "Now wheat also fell today. The Russian shipment restrictions are still unclear and because of that, we took back everything that we gained on Friday. So, it’s really adding some pressure. Today’s drop really kind of lets us know about how volatile these markets are and certainly wheat was the one that was leading the way so we’re going to watch that closely. Tomorrow could be a turnaround Tuesday all the way across the board in spite of the fact that the U.S. dollar index was lower today. We thought that it might give these markets a little bit of a lift. It really didn’t come today, but possibly tomorrow.”

Chicago Sept Wheat prices closed yesterday dn 18 ¼ at 542 ¼

Sept Corn was dn 2 ¼ at 363

Portland prices for soft white wheat of Ordinary Protein for Sept ended the day unch ranging from 6-15 to 6-28 Hard Red Winter wheat with 11 ½ % protein, prices for Sept were dn 17 ¾ ranging from 6-47 ¼ to 6-57 ¼ DNS wheat with 14 % protein, prices for Sept were dn 14 ¼ ranging from 6-79 ¼ to 6-94 ¼

Live Cattle for Aug were dn $.35 at 109.17 ½ Aug Feeder cattle are dn $1.32 ½ to 149.77 ½ Aug Class III milk was up .01 cents at 15.02

Recent Reports from Market Line

Click here to see Archived Reports