Marketline Report for Friday, July 20th

Marketline Report for Friday, July 20th

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Friday, July 20th. Grain trading trades both sides of unchanged Thursday. From the Allendale Trading desk, here's Steve Georgy.

GEORGY ... "Things to focus on today, once again very quiet as far as a healine news front. Yesterday, extremely light volume and so will we see that again here today? Will we just kind of chop around as the day session really gets going or will we find more direction? And so, we're at a point right now, I think the markets are kind of waiting to see what happens next. We saw good to excellent ratings drop. Does that mean they're going to stay where they're at for a second week or do we end up maybe seeing them a little bit better?"

Chicago Sept Wheat prices closed yesterday up 9 ¾ at 503

Sept Corn was up 4 at 351

Portland prices for soft white wheat of Ordinary Protein for July ended the day unch ranging from 5-80 to 5-85 Hard Red Winter wheat with 11 ½ % protein, prices for July were up 8 ¾ ranging from 6-16 ½ to 6-26 ½ DNS wheat with 14 % protein, prices for July were up 8 ¾ ranging from 6-31 ¾ to 6-36 ¾

Live Cattle for Aug were dn $.05 at 109.17 ½ Aug Feeder cattle are dn $.05 to 154.50 July Class III milk was dn .04 cents at 14.21

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