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Bob Larson Marketline Report for Thursday, November 23rd
by Bob Larson, click here for bio

Program: Market Line
Date: November 23, 2017

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This is Bob Larson with the Market Line Report for Thursday, November 23rd Thanksgiving Day. Light trading in the grain market Wednesday. From the floor of the CME in Chicago, here’s Virginia McGathey ...

McGathey … “The wheat was unchanged today. The futures do remain in a holding pattern. The market is really waiting for more news to give it some direction. We are on our lows and have been down here for a while because the world wheat supplies are pretty plentiful right now and not withstanding the fact that the U.S. dollar index is a little bit lower. It hasn’t given much relief to the wheat complex as a whole. But, we’re right here ahead of the holiday weekend and so it’s very possible we’re going to see a little bit more choppy trade as we go forward.”

Chicago Dec Wheat prices closed yesterday dn 2 at 423

December corn was up ¼ at 344 ½

Portland prices for soft white wheat of Ordinary Protein for November ended the day up ¾ ranging from 5-17 ¾ to 5-35 Hard Red Winter wheat with 11 ½ % protein, prices for November were up ¾ ranging from 5-76 to 5-86 DNS wheat with 14 % protein, prices for November were dn ¼ ranging from 7-46 ¾ to 7-56 ¾

Live Cattle for December were up $1.07 ½ at 119.20 January Feeder cattle are up $1.10 to 152.70 November Class III milk was dn .02 cents at 16.80

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