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Bob Larson Marketline Report for Friday, October 12th
by Bob Larson, click here for bio

Program: Market Line
Date: October 12, 2018

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This is Bob Larson with the Market Line Report for Friday, Oct 12th. A USDA report gives a boost to corn in grain trading Thursday. From the floor of the CME in Chicago, here’s Terry Roggensack.

ROGGENSAK … “Corn yield coming in at 180.7 bushels per acre. Traders were looking for 181.8 per acre. The range was 180.6 to 183.5 so we came in right on the low end of the range of estimates. Second factor, ending stocks coming in at 1.831-billion bushels. That’s about 100-billion bushels below trade expectations. Keep in mind, the high end of the range of estimates for ending stocks 2.352-billion bushels, so this came as a supportive surprise to the market.”

Chicago Dec Wheat prices closed yesterday dn 2 ½ at 507 ¼

Dec Corn was up 6 ½ at 368 ¾

Portland prices for soft white wheat of Ordinary Protein for Oct ended the day unch ranging from 6-00 to 6-18 Hard Red Winter wheat with 11 ½ % protein, prices for Oct were dn 2 ½ ranging from 6-23 ¾ to 6-43 ¾ DNS wheat with 14 % protein, prices for Oct were dn 2 ¼ ranging from 6-74 ½ to 6-84 ½

Live Cattle for Oct were up $.55 at 112.85 Oct Feeder cattle are up $.82 ½ to 156.85 Oct Class III milk was dn .09 cents at 15.64

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