Daily News Reports »

Bob Larson Marketline Report for Monday, October 15th
by Bob Larson, click here for bio

Program: Market Line
Date: October 15, 2018

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Monday,_October_15th.mp3

This is Bob Larson with the Market Line Report for Monday, Oct 15th. Wheat bounces back in Friday trading. From the floor of the CME in Chicago, here’s Virginia McGathey.

McGATHEY … “Now wheat recovered. The bargain hunters stepped in and really lifted the futures up, but overall the report was bullish because it wasn’t bearish. But, there really wasn’t any real technical news that was helping the wheat. It seems the $5.05 is the real benchmark now. It’s moved up from $5.00 so that’s one good thing and the market is holding up a little bit right now, but that’s not really saying a whole lot. Russia is still in control right now, really exporting a lot with their cheaper prices and that’s putting a lid on the U.S. wheat from being able to rise from this point. But, we’re holding pretty steady today and the market’s up pretty strong so it looks good, really, across the board for the grains for this week.”

Chicago Dec Wheat prices closed yesterday up 9 ¼ at 517 ¾

Dec Corn was up 4 ½ at 373 ¼

Portland prices for soft white wheat of Ordinary Protein for Oct ended the day unch ranging from 6-00 to 6-20 Hard Red Winter wheat with 11 ½ % protein, prices for Oct were up 10 ½ ranging from 6-34 ¼ to 6-54 ¼ DNS wheat with 14 % protein, prices for Oct were up 6 ½ ranging from 6-81 to 6-91

Live Cattle for Oct were dn $.30 at 112.37 ½ Oct Feeder cattle are dn $2.02 ½ to 154.65 Oct Class III milk was dn .03 cents at 15.63

Recent Reports from Market Line

Click here to see Archived Reports