Marketline Report for Tuesday, November 14th
This is Bob Larson with the Market Line Report for Tuesday, November 14th Grains are down across the board in trading Monday. From the floor of the CME in Chicago, here's Virginia McGathey ...
Virginia McGathey ... "Wheat was also down. The CME reported that they were bringing on a new product in the Black Sea region that adds just one more portal for purchasing in the whole world wheat market that makes it much more difficult for us to participate, but today's sell-off really keeps the futures in that lower area of that consolidation range. There has been a little more pressure today, but all the grains really started to sink somewhat and that usually happens here at harvest time. That's not to say that it's going to be a complete freefall, but right now it's a little bit lower. Maybe tomorrow, turn-around Tuesday, will help support some of the markets coming back."
Chicago Dec Wheat prices closed yesterday dn 7 ¼ at 424 ¾
December corn was dn 1 ¼ at 342 ¼
Portland prices for soft white wheat of Ordinary Protein for November ended the day dn 5 ¾ ranging from 5-20 ¼ to 5-35 Hard Red Winter wheat with 11 ½ % protein, prices for November were dn 5 ¾ ranging from 5-82 ½ to 5-97 ½ DNS wheat with 14 % protein, prices for November were dn 14 ¼ ranging from 7-53 ¼ to 7-63 ¼
Live Cattle for December were dn $.30 at 120.40 November Feeder cattle are up $.22 ½ to 158.72 ½ November Class III milk was up .04 cents at 16.81
