Pro Farmer
The livestock markets showed impressive strength today while the grain and soy complex underwent selling pressure.
Corn and wheat futures pivoted around changed in light overnight trade, while soybeans favored the downside.
Soybeans saw relative strength today while wheat and corn traded lower. Hogs saw modest strength while cattle futures saw profit-taking.
Hogs saw modest strength today while the cattle markets saw corrective selling.
Weakness in corn futures undercut the soybean and wheat markets today.
CPC forecasts 59% odds of La Niña by January and more than 70% by February.
Weakness is featured across the agricultural complex this morning.
Corn saw profit-taking, soybeans saw modest strength and wheat was caught in the middle in overnight trade.
Oil demand | Trump invites Xi to inauguration | 45Z | EPA’s investigation of UCOs | Key takeaways from 2024 national vote tracker