Soybeans and wheat are expected to lead corn higher to start the week. Last week’s slippage in fed cattle values seem likely to offset bullishness powered by soaring wholesale prices.
The soy and wheat complexes, as well as cotton futures, finished the week on a strong note in the wake of Thursday’s supportive USDA reports. The corn and livestock markets struggled.
Because USDA no longer collects objective yield samples in August, this will be the industry’s first broad look at field data from across the Corn Belt.
Grain and cotton futures posted a generally muted showing Wednesday ahead of Thursday’s important USDA reports. Cattle futures slipped along with recent cash losses, whereas fall hog futures posted a strong rebound.
