Marketline Report for Friday, July 27th

Marketline Report for Friday, July 27th

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Friday, July 27th. Grain trading in a state of flux with mixed messages on Thursday. From the floor of the CME in Chicago, here's Terry Roggensack.

ROGGENSACK ... "We saw the soybean rally up .20 cents on the new $14-billion farm aid package for grains. The real impact here, it might slow down cash sales a little bit in soybeans, but the rest of the impact kind of signals that the China trade war, the U.S. is digging in and it's going to take a lot longer than traders had anticipated. Secondly, it may cause producers to be more comfortable in planting acres next year, so the overall impact probably a little bit negative on the market. The response though, clearly positive."

Chicago Sept Wheat prices closed yesterday dn 6 ¼ at 535 ½

Sept Corn was up 2 ¼ at 360 ½

Portland prices for soft white wheat of Ordinary Protein for July ended the day unch ranging from 5-80 to 5-95 Hard Red Winter wheat with 11 ½ % protein, prices for July were dn 6 ¾ ranging from 6-44 to 6-59 DNS wheat with 14 % protein, prices for July were up ½ ranging from 6-82 ¾ to 6-87 ¾

Live Cattle for Aug were dn $1.07 ½ at 108.27 ½ Aug Feeder cattle are dn $1.40 to 151.47 ½ July Class III milk was dn .04 cents at 14.14

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