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Corn and soybean futures are lower with wheat futures higher to start the week. Cattle futures are choppy with lean hogs slightly firmer...
Corn and soybeans are expected to open weaker, with wheat likely to see a firmer tone.
Short-term trend turns bullish for corn and the soy complex.
China takes additional stimulus steps; Chinese stocks see best day since 2008
Wheat futures rebounded from Friday’s losses during the overnight session, while corn and soybeans pulled back from their gains at the end of last week.
Congress out until mid-Nov. | Strike update | Financial/disaster aid | VP debate | Dairy summit
Tentative accord to end four-day strike
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Ongoing labor dispute with ILA
Ag groups urge Biden to address port labor, Mexican rail embargoes, and Mississippi River water levels impacting U.S. ag
Corn and soybeans traded on either side of unchanged overnight while wheat saw relative weakness. Positioning ahead of Monday’s reports is likely to drive trade today.
Soybeans and corn traded on either side of unchanged overnight, but are weaker early this morning, while wheat faced mild followthrough selling throughout the session.
Most of the Hogs & Pigs Report data was neutral, aside from hefty late-year market hog inventories.
Congress clears CR, leaves DC until mid-Dec. | Port dockworker strike ahead | GOP lawmakers urge new farm bill
Soybeans and wheat followed saw a continuation of Wednesday’s strength overnight, while corn saw relative weakness.
Soybeans and wheat extended Wednesday’s gains during the overnight session, while corn struggled to find buyer interest.