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Short-term trend turns bearish for SRW wheat.

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Corn and soybeans faced light followthrough selling after last Friday’s losses during the overnight session, while wheat has turned mixed early this morning.

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Data was mostly neutral compared to pre-report expectations.

A big part of the larger-than-normal increase in beef stocks was due to a downward revision for the August figure.

Top stories for Oct. 25, 2024

Grains fell under pressure to end the week while hogs continue to show robust contra-seasonal strength. Cattle paused ahead of this afternoon’s reports.

Selling pressure resurfaced to end the week, with corn, soybeans and wheat each closing lower.