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Bob Larson Marketline Report for Thursday, September 20th
by Bob Larson, click here for bio

Program: Market Line
Date: September 20, 2018

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This is Bob Larson with the Market Line Report for Thursday, Sept 20th. Wheat is up, corn is down, but tariff worries are still the talk in trading. From the floor of the CME in Chicago, here's Scott Shellady.

SHELLADY … “Can’t really talk about the grains without talking about tariffs and although there hasn’t been anything new as of late, it still weighs heavily on the market as it does other markets. You know, it’s funny that the tariffs don’t just effect grains. It effects everything from money to bonds to the like. So, we’ve got an issue where we’ve got this big elephant in the room and we have to deal with it. We just don’t know how. I’ll say this, it’s not going to last forever. Jack Mah from Yahoo came on yesterday and says he thinks it could be up to 20-years. Well, you know what? Donald Trump, he doesn’t have the patience for that, and he won’t be in office either, but I think it’s something we’re going to get a little clarity on sooner than people think because I don’t think that our economy and/or the Chinese economy can take a lot of it. So, keep that in mind.”

Chicago Dec Wheat prices closed yesterday up 12 at 523

Dec Corn was up 2 ½ at 345 ¼

Portland prices for soft white wheat of Ordinary Protein for Sept ended the day unch ranging from 5-90 to 6-01 Hard Red Winter wheat with 11 ½ % protein, prices for Sept were up 10 ¼ ranging from 6-16 ¼ to 6-36 ¼ DNS wheat with 14 % protein, prices for Sept were up 7 ¾ ranging from 6-73 ¾ to 6-85 ¾

Live Cattle for Oct were dn .12 ½ at 113.40 Sept Feeder cattle are dn $.30 to 155.62 ½ Sept Class III milk was up .01 cents at 16.14

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