Marketline Report for Wednesday, September 5th

Marketline Report for Wednesday, September 5th

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Wednesday, Sept 5th. Things looking down in the corn market Tuesday. From the floor of the CME in Chicago, here's Terry Roggensack.

ROGGENSACK ... "Traders watching and looking at the corn market for the possibility that the market's probing for short-term seasonal low. USDA currently at a record high yield, but we had some heat issues this year. We had some maturity issues and traders a little bit uncertain whether or not we'll be able to exceed last year's big yield. If we're the same as last year in yield, we'd end up at a 1.54-billion-bushel carryout. We're 2.027 this past year, 2.293 billion two years ago, so it would be a big drop off."

Chicago Sept Wheat prices closed yesterday dn 15 ¾ at 502 ¼

Sept Corn was up 3 ¼ at 355 ¼

Portland prices for soft white wheat of Ordinary Protein for Sept ended the day up 5 ranging from 5-95 to 6-12 Hard Red Winter wheat with 11 ½ % protein, prices for Sept were dn 15 ranging from 6-08 to 6-18 DNS wheat with 14 % protein, prices for Sept were dn 10 ¾ ranging from 6-58 to 6-73

Live Cattle for Oct were up $1.10 at 109.95 Sept Feeder cattle are up $2.27 ½ to 148.80 Sept Class III milk was up .04 cents at 16.56

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