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Bob Larson Marketline Report Monday, July 17th
by Bob Larson, click here for bio

Program: Market Line
Date: July 17, 2017

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This is Bob Larson with the Market Line Report for Monday July 17th. Friday market trading saw mixed results. From the Allendale Brokers trading desk, here’s Steve Georgy …

Georgy ... “It is the 14th and we’ve got a little bit of green on the screen for the grain markets. After taking an absolute blood-bath over the last few days, finally showing a little bit of green. And most of that focus is coming from the weather forecasts. You still look at the one to five day forecasts, it’s got heat across most of the corn-belt. The six to ten day, same type of pattern as well. So, we’ll see if that does continue. The big thing is, as we get going here over the next week, most of the corn will start to pollinate in a lot of these areas and it’s going to be more detrimental for this heat to maybe cool off a little bit. We can’t stay hot during pollination. That tends to effect yields and that may get this market back excited again.”

Chicago July Wheat prices closed yesterday dn ¾ at 496 July corn ended the day up 4 ¼ at 369

Portland prices for soft white wheat of Ordinary Protein for August ended the day up 4 ranging from 5-25 ¾ to 5-45 Hard Red Winter wheat with 11 ½ % protein, prices for August were dn 2 ranging from 5-83 ½ to 6-08 ½ DNS wheat with 14 % protein, prices for August were up 8 ½ ranging from 8-58 to 8-73

Live Cattle for August were up $.37 ½ at 118.05 Aug Feeder cattle were up $1.25 at 154.80 July Class III milk was up $.03 cents at 15-62.

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