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Bob Larson Marketline Report for Friday, December 7th
by Bob Larson, click here for bio

Program: Market Line
Date: December 07, 2018

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This is Bob Larson with the Market Line Report for Friday, Dec 7th. Trade questions keep the grain market on edge, but soybeans hold firm on Thursday. From the floor of the CME in Chicago, here’s Terry Roggensack.

ROGGENSACK … “Soybeans holding up well, for now. Sell the facts selling really not materializing yet, but a lot of confusion over the situation between China and the U.S. Trade talks went well on Saturday, but now a lot of confusion on whether or not we are entering another era of a cold-war on the technical side of the market. Traders await massive buying from China to save the soybean market, however, March soybeans have already rallied .96 cents off of the September lows in anticipation of trade deals working out.”

Chicago Dec Wheat prices closed yesterday dn 9 ¼ at 505 ½

Dec Corn was dn 2 ¼ at 372

Portland prices for soft white wheat of Ordinary Protein for Dec ended the day unch ranging from 6-15 to 6-30 Hard Red Winter wheat with 11 ½ % protein, prices for Dec were up ¼ ranging from 6-55 ½ to 6-65 ½ DNS wheat with 14 % protein, prices for Dec were dn 10 ½ ranging from 6-69 ¼ to 6-92 ¼

Live Cattle for Dec were dn $.35 at 117.90 Jan Feeder cattle are dn $1.27 ½ to 144.25 Dec Class III milk was dn .09 cents at 13.79

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