Soybean futures traded higher overnight but buyer interest is limited heading into the day session. Corn futures are mixed and wheat futures are extending overnight losses. Price action is light and choppy in the livestock markets.
Soybean futures are moderately higher with corn futures mixed and wheat futures favoring the downside. Cattle futures gapped higher on the open and continued higher after the open. Lean hog futures are also higher to start the week.
Bio-diesel blends are gaining popularity in home heating oil, especially in the northeastern U.S. Listen to Greg Anderson from the National Bio-diesel Board discuss this burgeoning opportunity with AgriTalk host Chip Flory and Davis Michaelsen.