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Corn, soybean futures under pressure from advancing harvest; winter wheat drops to four week low.
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Corn, soybean and wheat futures faced solid selling pressure overnight and are near their session lows this morning.
Corn futures drop to lowest close in over a week amid harvest pressure, lackluster exports; cattle, hog futures near four-week highs on cash strength.
Weekly export inspections for week ended Oct. 13 reported a notable figure for soybeans, however the current pace is falling considerably behind last year’s. Wheat inspections fell short, with corn just above low range.
Wheat and soybean futures are firmer as corn trades on either side of unchanged. Live cattle futures are firmer with hog futures falling back from early gains.
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Wheat futures traded higher to open the week amid global supply concerns, while soybeans softened and corn was caught in the middle.