Soybean basis slips but remains well above the three-year average.
The U.S. hog herd is expected to be 2.9% smaller than year-ago as of Dec. 1.
Price action in grain and soy futures was relatively quiet in two-sided trade overnight.
Soybean and wheat export inspections each declined mildly from week-ago.
Soybean futures are higher with corn and wheat under pressure. Cattle and hog futures open the week amid moderate selling pressure.
Corn, soybean and wheat futures were unable to sustain initial strength overnight and are trading near session lows this morning as the overall marketplace adopted a general risk-off stance.
Soybeans and wheat found mild followthrough buying overnight, while buying was restricted in corn and spring wheat.
The National Weather Service’s (NWS) 90-day forecast offers little hope for improvement in conditions of the HRW crop through winter.