Grains ended the day mixed as corn showed relative strength and wheat struggled to maintain overnight gains. Soybeans closed lower, soy products saw active spreading. Cotton saw profit-taking and livestock finished mixed

Cattle futures ended the day mixed amidst tepid short covering and weakening cash fundamentals. Hog futures surged to contract highs on robust cash fundamentals.

Corn inspections during the week ended April 4 were down 51,859 MT from the previous week but topped pre-report expectations. Wheat and soybean inspections also fell from the previous week but were as expected.

Market Snapshot | April 8, 2024

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Wheat and soybean futures are higher with corn futures chopping around unchanged. Cattle future are firmer with lean hogs under moderate pressure...

Corn, soybeans and wheat each traded on both sides of unchanged overnight, though saw increased buying towards the end of the overnight session, each going into the break nearer session highs.

A lot of movement in short-term trends.

Corn favored the downside in light trade overnight, while soybeans and wheat had a mixed tone.

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