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Bob Larson Marketline Report for Wednesday, June 20th
by Bob Larson, click here for bio

Program: Market Line
Date: June 20, 2018

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This is Bob Larson with the Market Line Report for Wednesday, June 20th. Grains are down again on Tuesday, leaving uncertainty among corn traders. From the floor of the CME in Chicago, here's Terry Roggensack.

ROGGENSACK ... "Can we have a recovery bounce? Caught up in a trade war fears with the massive break with soybeans with China putting on more and more tariffs, the U.S. retaliatory tariffs. China threatening again to retaliate and the markets in a free-fall on the way down. First of all, we want to look and see what kind of recovery bounce we could have. We want to look at a comparison to last year. December corn, trading as low as $3.60 per bushel on the low today, That would compare with $3.93 trading a year ago.”

Chicago July Wheat prices closed yesterday dn 12 ¼ at 480

July Corn was dn 2 ¼ at 353 ¾

Portland prices for soft white wheat of Ordinary Protein for June ended the day dn 5 ranging from 5-85 to 6-18 Hard Red Winter wheat with 11 ½ % protein, prices for June were dn 16 ½ ranging from 6-08 to 6-33 DNS wheat with 14 % protein, prices for June were dn 14 ¼ ranging from 6-84 ½ to 6-99 ½

Live Cattle for June were up $.22 ½ at 108.62 ½ Aug Feeder cattle are up $.65 to 149.75 June Class III milk was dn .01 cents at 15.32

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