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Marketline Report for Monday, November 19th
by Bob Larson, click here for bio
Program: Market Line
Date: November 19, 2018



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SHELLADY … “I tell you what, it’s all about Asia and what that’s doing to our markets here in the States when it comes to say livestock and/or grains. We had Japan effecting our livestock market, now we’ve got China all year long effecting our grain markets. Reports of a letter sent to our trade delegation lifted the hopes and buoyed sentiment amongst grain traders here in Chicago and we got off to a pretty decent start here this morning. However, right, it always seems that there’s always a but or a however, after the market rallied and opened strong it started to slowly but surely give back its gains and I think, as we got the high of about $8.97 here this morning, because we couldn’t break through that $9.00 level, that disappointed some investors and I think that that is why we’ve seen things come off.”
Chicago Dec Wheat prices closed yesterday up 1 ¼ at 506 ¾
Dec Corn was dn 2 ¾ at 364 ¾
Portland prices for soft white wheat of Ordinary Protein for Nov ended the day unch ranging from 6-20 to 6-35 Hard Red Winter wheat with 11 ½ % protein, prices for Nov were up 2 ¾ ranging from 6-22 ¾ to 6-37 ¾ DNS wheat with 14 % protein, prices for Nov were dn 1 ½ ranging from 6-73 ¼ to 6-81 ¼
Live Cattle for Dec were up $.20 at 115.42 ½ Jan Feeder cattle are dn $1.32 ½ to 146.45 Nov Class III milk was unch cents at 14.56
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