Marketline Report for Wednesday, November 21st
This is Bob Larson with the Market Line Report for Wednesday, Nov 21st. Uncertainty remains to plague the wheat market in Tuesday trading. From the Standard Grain trade desk, here's Joe Vaclavik.
VACLAVIK ... "December Chicago wheat to unchanged at $498 1/2 . December Kansas City wheat down ¾ of a cent at $473 1/2 . December Spring wheat to unchanged at $571 1/2 . Looking at the Winter wheat statistics, we are now 93% planted behind the 97% average. Winter wheat conditions, 56% good-to-excellent, up a couple of percentage points on the week. So, Winter wheat planting, just like row crop harvest, has been slightly delayed. This has been definitely less than an ideal Fall in regard to weather and what's been accomplished in terms of row crop harvest and Winter wheat planting, but it will all be wrapped up here within the next few weeks I would imagine."
Chicago Dec Wheat prices closed yesterday up 2 ¼ at 500 ¾
Dec Corn was dn 1 at 361 ¼
Portland prices for soft white wheat of Ordinary Protein for Nov ended the day unch ranging from 6-15 to 6-35 Hard Red Winter wheat with 11 ½ % protein, prices for Nov were dn 1 ¼ ranging from 6-13 to 6-28 DNS wheat with 14 % protein, prices for Nov were up 1 ¼ ranging from 6-70 ¾ to 6-79 ¾
Live Cattle for Dec were dn $.45 at 115.82 ½ Jan Feeder cattle are dn $.40 to 146.87 ½ Nov Class III milk was dn .06 cents at 14.49
