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Bob Larson Marketline Report for Monday, October 8th
by Bob Larson, click here for bio

Program: Market Line
Date: October 08, 2018

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This is Bob Larson with the Market Line Report for Monday, Oct 8th. Fall weather playing a role in the market Friday. From the Allendale trading desk, here's Steve Georgy.

GEORGY … “It is October. Typically we see some kind of a bounce or we see a recovery from these lows in the month of October, we continue to surge a little bit higher, maybe because the funds continuing to buy back some of their short positions. Not that something is not extremely bullish, what it is just may a little less bearish. And so, you’re finding some of these positions being bought back which is giving a little bit of support to these markets. But, keep an eye on next week, Thursday there will be another report. Expecting to see carry out numbers grow again, looking at a little bit better yields on this report as we get moving toward that. Wouldn’t be surprised to see maybe a little profit taking ahead of that report as well.”

Chicago Dec Wheat prices closed yesterday up ½ at 518 ½

Dec Corn was dn 2 at 365 ½

Portland prices for soft white wheat of Ordinary Protein for Oct ended the day unch ranging from 6-00 to 6-17 Hard Red Winter wheat with 11 ½ % protein, prices for Oct were up ¾ ranging from 6-33 to 6-53 DNS wheat with 14 % protein, prices for Oct were dn ¼ ranging from 6-74 ½ to 6-84 ½

Live Cattle for Oct were up $.07 ½ at 113.70 Oct Feeder cattle are up $.42 ½ to 157.40 Oct Class III milk was up .04 cents at 15.86

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