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Bob Larson Marketline Report for Thursday, August 3rd
by Bob Larson, click here for bio

Program: Market Line
Date: August 17, 2017

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This is Bob Larson with the Market Line Report for Thursday, August 17th. A lot of red on the trading floor Wednesday. From the Allendale trading desk with details, here’s Steve Georgy ...

Georgy ... “Corn, beans and wheat falling off yesterday, but catching a little bit of support right now as we’ve gotten into this price point where there’s probably more economic value here from that last report. So, what do we do from here? There have been some good rains that come through Nebraska overnight again, second day in a row now stretching into Iowa. So, we’ll see what kind of rains this does produce, but certainly helping out the beans, more or less, here it is August. Temperatures are supposed to remain a little bit cooler, not as hot. Today, it does get a little warm, but it is supposed to remain more to the normal temperatures that we’ve seen so not a big exciting story out of that.”

Chicago Sept Wheat prices closed yesterday dn 10 ¼ at 419 ½ Sept corn ended the day dn 2 ¾ at 353

Portland prices for soft white wheat of Ordinary Protein for September ended the day dn 10 ¼ ranging from 4-99 ¼ to 5-25 Hard Red Winter wheat with 11 ½ % protein, prices for September were dn 7 ranging from 5-04 ½ to 5-24 ½ DNS wheat with 14 % protein, prices for September were up 15 ¼ ranging from 7-63 ½ to 7-83 ½

Live Cattle for Aug were dn $.72 ½ at 108.52 ½ Aug Feeder cattle were dn $3.62 ½ at 143.07 ½ Sept Class III milk was up $.20 cents at 17-04.

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