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Bob Larson Marketline Report for Friday, July 13th
by Bob Larson, click here for bio

Program: Market Line
Date: July 13, 2018

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This is Bob Larson with the Market Line Report for Friday, July 12th. Trade fears continue to play a role in commodity trading. From the floor of the CME in Chicago, here's Terry Roggensack.

ROGGENSACK ... "Coming to you from the CME trading floor. The wheat market may have been dragged down. A deflationary tone in the grain markets in general, with all the trade war fears, might it leave wheat prices, as far as the grains are concerned, looking awfully cheap. Several factors involved here. Number one: Both U.S. and world ending stocks are coming down, looking down from a year ago in today’s USDA supply-demand update. So, that’s a positive force on prices in general.”

Chicago July Wheat prices closed yesterday up 12 ¾ at 484 ¼

July Corn was up 5 ¼ at 336 ¾

Portland prices for soft white wheat of Ordinary Protein for July ended the day up 5 ranging from 5-85 to 6-08 Hard Red Winter wheat with 11 ½ % protein, prices for July were up 7 ¼ ranging from 6-01 ¼ to 6-11 ¼ DNS wheat with 14 % protein, prices for July were up 5 ranging from 6-30 ½ to 6-45 ½

Live Cattle for Aug were up $1.17 ½ at 104.97 ½ Aug Feeder cattle are up $1.62 ½ to 150.75 July Class III milk was up .11 cents at 14.32

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