Grains ended mixed still trying to determine crop size after weekend rains and ahead of crop ratings. Livestock were strong with new contract highs in October lean hogs. Michelle Rook has analysis with Tomm Pfitzenmaier of Summit Commodity Brokerage.
Grains Mixed on Monday with Livestock Strong, October Hogs Hit New Contract Highs
Grains ended mixed still trying to determine crop size after weekend rains and ahead of crop ratings. Livestock were strong with new contract highs in October lean hogs.
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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
Chip Nellinger of Blue Reef Agri-Marketing says the rally in soybeans is being driven by China demand and weather concerns.
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