Marketline Report for Wednesday, October 17th

Marketline Report for Wednesday, October 17th

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Wednesday, Oct 17th. Corn took a hit in the grain market Tuesday. From the floor of the CME in Chicago, here's Terry Roggensack.

ROGGENSACK ... "December corn, taking a beating today as the market pulls back on the weather, but is that really going to be a change in trend? We think, no. The China National Grain and Oil Information Center pegged their corn crop at 216.5-million tons. The USDA, just last week, 225-million tons. CONAB, or the official USDA down in Brazil, they pegged their corn crop at 89.7 and 91.1-million tons. USDA, 94.5."

Chicago Dec Wheat prices closed yesterday dn 1 ½ at 523 ¼

Dec Corn was dn 3 at 375 ¼

Portland prices for soft white wheat of Ordinary Protein for Oct ended the day unch ranging from 6-00 to 6-22 Hard Red Winter wheat with 11 ½ % protein, prices for Oct were dn 3 ¾ ranging from 6-38 to 6-58 DNS wheat with 14 % protein, prices for Oct were dn 4 ¼ ranging from 6-81 ¼ to 6-91 ¼

Live Cattle for Oct were dn $.72 ½ at 112.62 ½ Oct Feeder cattle are dn $1.07 ½ to 153.95 Oct Class III milk was up .02 cents at 15.62

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