Marketline Report for Wednesday, September 12th

Marketline Report for Wednesday, September 12th

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Wednesday, Sept 12th. Soybeans get a boost in Monday trading. From the floor of the CME in Chicago, here's Terry Roggensack.

ROGGENSACK ... "Number one factor, if the average yield estimate comes in for the report tomorrow, ending stocks come in at a record high 846-million bushels. That's up 96.7% from a year ago. That's up 180% from two years ago. Second factor, world ending stocks are expected to come in at 107.3 million tons. This is also a record high number, up 12.2% from a year ago, up 72% from five years ago."

Chicago Sept Wheat prices closed yesterday dn 10 ¼ at 497 ¼

Sept Corn was up 4 ½ at 364 ¼

Portland prices for soft white wheat of Ordinary Protein for Sept ended the day unch ranging from 5-90 to 5-95 Hard Red Winter wheat with 11 ½ % protein, prices for Sept were up 19 ranging from 6-22 ¾ to 6-32 ¾ DNS wheat with 14 % protein, prices for Sept were up 10 ½ ranging from 6-60 ¼ to 6-65 ¼

Live Cattle for Oct were dn $.85 at 109.35 Sept Feeder cattle are dn $.40 to 152.25 Sept Class III milk was dn .11 cents at 16.15

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