Big moves were seen on Monday in spring wheat, soybeans and soybean oil with corn quiet on the day. November soybeans closed up 16 3/4 cents Monday, supported by another higher close in soybean oil and the vegetable oil sector. December Minneapolis wheat posted a new contract high of $10.27, its highest spot close in nine years. Live cattle saw good strength after a friendly Cattle on Feed report last Friday while hogs were mixed on the day. Farm and Ranch Director Jesse Allen has our closing report:
Also, more analysis with Jesse Allen and John Heinberg of Total Farm Marketing on today’s episode of Market Talk: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
https://open.spotify.com/episode/15XJ942zCsgQdzKKiwaA7D?si=vjq8n4gBSsGKFWr9NEEHVQ
