Except for the mighty December oats, which closed up 8 cents and are near its all-time high, all active grain contracts finished lower Friday. The largest percentage loss was a 17 1/4-cent drop in January soybeans, pressured by growing concerns about export demand with USDA’s next WASDE report due out Tuesday. We saw funds get out of longs in corn and enter a minor short in beans. Meantime, we saw good cash trade in feedlot country and that led to higher cattle today. Hogs were under pressure.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more with Jesse Allen on today’s Market Talk as he talks with Arlan Suderman, weather with Eric Snodgrass and gets a safety update with Bernard Geschke from Progressive Agriculture Foundation: