Daily News Reports »

Bob Larson Marketline Report for Tuesday, February 12th
by Bob Larson, click here for bio

Program: Market Line
Date: February 12, 2019

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Tuesday,_February_12th.mp3

This is Bob Larson with the Market Line Report for Tuesday, Feb 12th. Year ending stocks don’t bring much joy to the wheat market in Monday trading. From the floor of the CME in Chicago, here’s Virginia McGathey.

McGATHEY … “U.S. ending stocks are at 1-billion bushels and that’s for the third straight year in a row. We’re hoping that demand is going to keep picking up so we can move along some of those supplies. If that doesn’t happen we’ll see more of the trade like today as it’s moving a little bit lower. All the eyes are really on whether we’re going to start having more talks again with U.S. and China and if any of that is going to threaten some of the demand here. We just don’t know for sure if even the government shutdown is going to come up and hurt our markets again. As it stands, a lot of traders are on the sideline in all the grains and we’re hoping to get everyone back into the market so we can get rolling here for the first quarter of 2019.”

Chicago March Wheat prices closed yesterday up 1 at 518 ¼

March Corn was dn 1 ½ at 373 ½

Portland prices for soft white wheat of Ordinary Protein for Feb ended the day unch ranging from 6-35 to 6-58 Hard Red Winter wheat with 11 ½ % protein, prices for Feb were dn ½ ranging from 6-48 ¾ to 6-63 ¾ DNS wheat with 14 % protein, prices for Feb were up 5 ¼ ranging from 6-68 ¾ to 6-78 ¾

Live Cattle for Feb were up $.45 at 127.80 Mar Feeder cattle are up $.57 ½ to 144.82 ½ Feb Class III milk was up .01 cents at 13.99

Recent Reports from Market Line

Click here to see Archived Reports