Daily News Reports »

Bob Larson Marketline Report for Monday, October 22nd
by Bob Larson, click here for bio

Program: Market Line
Date: October 22, 2018

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Monday,_October_22nd.mp3

This is Bob Larson with the Market Line Report for Monday, Oct 22nd. A boost in exports gives wheat some momentum in Friday trading. From the floor of the CME in Chicago, here’s Virginia McGathey.

McGATHEY … “Wheat was firmed up somewhat, but there’s an uptick in the export sales and so that hit a forecast by the USDA for the first time in maybe like three weeks and so that’s why the market really got a little bit of a lift. That being said, we’re still stuck in a channel in the very low area for wheat above $5.00, below $5.20. We can’t really break out of that channel right now. We need more news or at least more exports to really move along or move us out of that channel, but there is not much else on the front burner for wheat and so we expect that the consolidative phase is going to continue.”

Chicago Dec Wheat prices closed yesterday up 1 ¾ at 513 ¾

Dec Corn was dn 3 ¾ at 366 ¼

Portland prices for soft white wheat of Ordinary Protein for Oct ended the day unch ranging from 6-00 to 6-23 Hard Red Winter wheat with 11 ½ % protein, prices for Oct were up 1 ½ ranging from 6-26 ¼ to 6-46 ¼ DNS wheat with 14 % protein, prices for Oct were up 3 ¾ ranging from 6-73 ¾ to 6-83 ¾

Live Cattle for Oct were dn $.82 ½ at 112.22 ½ Oct Feeder cattle are dn $.60 to 154.87 ½ Oct Class III milk was dn .01 cents at 15.55

Recent Reports from Market Line

Click here to see Archived Reports