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Grain and soy futures traded lower overnight on global economic concerns although soybeans recovered slightly on the open. Cattle futures are mildly higher with lean hogs under pressure to start the week.
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Grain, soybean futures lower as U.S. dollar surges, crude oil slumps amid growing economic uncertainty.
Outside markets weighed heavily on the grain and soy complex overnight as the U.S. dollar strengthened to a fresh 20-year high and front-month crude oil dropped to near $80.00.
Winter wheat climbs near three-month highs on concern over Ukraine; corn also firmer, soybeans weaker.
The smaller-than-normal rise in frozen meat stocks came despite hefty monthly increases in beef and pork production, implying demand was strong and outpaced supplies.
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