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Grain and soy futures finished higher and high-range overnight as outside market pressure from Tuesday eased. Cattle and hogs also expected to open higher.
March planting intentions is getting much of the pre-report hype, but March 1 grain stocks could end up being the data that moves markets.
Analysts expect Wednesday’s Hogs & Pigs Report to show the U.S. hog herd contracted 1.2% from year-ago as of March 1.
Grain and soy markets faced heavy pressure from broad risk aversion. Cattle futures were also pressured by that selling, while hogs shook it off to close mostly firmer.
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Grain and soy complex futures are under heavy pressure to start the week. Cattle and futures are under modest pressure as lean hogs op
Grain and soy futures will face heavy pressure this morning. Cattle futures are also expected to trade lower, while hogs may see followthrough strength on the open.
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