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Bob Larson Marketline Report for Monday, November 20th
by Bob Larson, click here for bio

Program: Market Line
Date: November 20, 2017

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This is Bob Larson with the Market Line Report for Monday, November 20th The wheat market appears to be under some pressure. From the floor of the CME in Chicago, here’s Todd Horwitz ...

Todd Horwitz ... “We can wheat a pretty ugly trade at the moment, a little bit higher today, but we can see the support has held and what we’re looking here for is the ugly flush which I think we’ve now seen. We’ve made and attempt to take out the contract lows once again, but yet have now held up here. And, I think now what we’re looking for the overall, to be able to buy wheat. You know, one of the things we have to remember about looking at these contracts is that the commercials have been trying to push down very hard here and they have not had a lot of great success at really flushing it out. And overall, you’ve got a slow market drift as the equity markets continue to drift higher, grains and agricultural product tend to drift a little bit lower.”

Chicago Dec Wheat prices closed yesterday up 5 ¾ at 427 ½

December corn was up 6 ½ at 343 ¼

Portland prices for soft white wheat of Ordinary Protein for November ended the day dn 4 ½ ranging from 5-15 to 5-35 Hard Red Winter wheat with 11 ½ % protein, prices for November were up 5 ranging from 5-77 to 5-87 DNS wheat with 14 % protein, prices for November were up 4 ¾ ranging from 7-55 to 7-65

Live Cattle for December were dn $.70 at 118.77 ½ November Feeder cattle are dn $2.17 ½ to 151.40 November Class III milk was dn .01 cents at 16.79

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