Daily News Reports »

Bob Larson Marketline Report Thursday May 18th
by Bob Larson, click here for bio

Program: Market Line
Date: May 18, 2017

Click on the play button to listen to report.

Download Report: Marketline_Report_Thursday_May_18th.mp3

This is Bob Larson with the Market Line Report for Thursday May 18th. Markets on the rise overall for Wednesday. With more from the floor of the CME in Chicago, here’s Virginia McGathey …

McGathey … “Today, we had a little bit of a mixed bag. The futures opened higher with the possibility we were really going to get a little head of steam, but once the auction numbers came out the market started to fall again. The cut outs, certainly, seem like they have peaked for the season and there really isn’t much to support the market. Now, we saw over the past couple of months, the market really rallying and had a beautiful uptrend on the market and what’s happening is that record open interest liquidation is really starting to hold the market down. It makes it difficult to keep those prices higher. But, it was such a surprise they got as high as they did.”

Chicago July Wheat prices closed yesterday up 2 ¾ at 429 - July corn ended the day up 3 ¾ at 371 ¾

Portland prices for soft white wheat of Ordinary Protein for July ended the day up 2 ¾ ranging from 4-82 to 4-85 Hard Red Winter wheat with 11 ½ % protein, prices for July were up 2 ranging from 5-01 ½ to 5-11 ½ DNS wheat with 14 % protein, prices for July were up 1 ¼ ranging from 6-41 to 6-66

Live Cattle for June were up $.55 at 122.77 ½ May Feeder cattle were up $1.02 ½ at 142.00 May Class III milk was dn 02 cents at 15-61.

Recent Reports from Market Line

Click here to see Archived Reports