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Bob Larson Marketline Report for Wednesday, September 12th
by Bob Larson, click here for bio

Program: Market Line
Date: September 12, 2018

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This is Bob Larson with the Market Line Report for Wednesday, Sept 12th. Soybeans get a boost in Monday trading. From the floor of the CME in Chicago, here's Terry Roggensack.

ROGGENSACK … “Number one factor, if the average yield estimate comes in for the report tomorrow, ending stocks come in at a record high 846-million bushels. That’s up 96.7% from a year ago. That’s up 180% from two years ago. Second factor, world ending stocks are expected to come in at 107.3 million tons. This is also a record high number, up 12.2% from a year ago, up 72% from five years ago.”

Chicago Sept Wheat prices closed yesterday dn 10 ¼ at 497 ¼

Sept Corn was up 4 ½ at 364 ¼

Portland prices for soft white wheat of Ordinary Protein for Sept ended the day unch ranging from 5-90 to 5-95 Hard Red Winter wheat with 11 ½ % protein, prices for Sept were up 19 ranging from 6-22 ¾ to 6-32 ¾ DNS wheat with 14 % protein, prices for Sept were up 10 ½ ranging from 6-60 ¼ to 6-65 ¼

Live Cattle for Oct were dn $.85 at 109.35 Sept Feeder cattle are dn $.40 to 152.25 Sept Class III milk was dn .11 cents at 16.15

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