Grains Mixed, Consolidating Pre-USDA Reports With Weak Exports: Cattle and Hogs See Profit Taking

Grains mixed, consolidating ahead of the USDA Reports and with weak exports, shipping issues and more moderate wx forecasts. Cattle and hogs see profit taking. Mike Zuzulo, Global Commodity Analytics, has more.

Grains mixed, consolidating ahead of the USDA Reports and with weak exports, shipping issues and more moderate wx forecasts. Cattle and hogs see profit taking watching weather and awaiting cash. Mike Zuzulo, Global Commodity Analytics, has more.

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Arlan Suderman, Chief Commodities Economist with StoneX says the corn and soybean markets were trading higher yields coming into the report and saw a positive reaction as a result.
Kyle Bumsted of Allendale, Inc. says, “The way we rallied off our lows here on Friday and the bounce we saw here on Monday, it does feel like cattle put in some sort of intermediate low.”
Mike Minor of Professional Ag Marketing says corn and soybeans were positioning ahead of the November WASDE with fears of higher yield.
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