Grains were mixed with soybeans under pressure again while corn and wheat traded close to unchanged on the day. November soybeans fell 10 3/4 cents to their lowest close in six months, still pressured by USDA’s finding of 256 mb of soybean stocks on Sept. 1. Better than expected yields with a harvest that could be nearing 30% done is pressuring soybean values. Other grain-related contracts were mixed with December oats finishing a dime higher and again corn and wheat mixed. The livestock complex has diverged with cattle uncovering aggressive buying interest while hogs are falling back.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Jesse Allen and Mike Minor of Professional Ag Marketing on today’s episode of Market Talk: