Grains and hogs end mostly lower on Monday, with cattle mixed to higher.
Kent Beadle of Paradigm Futures says grains saw follow through selling pressure after a lower day Friday.
The complex also saw spillover from the risk off day in outside markets including the higher dollar and lower crude oil.
Row crops were also removing weather premium with rains falling in Brazil and continued chances in the forecast, although Beadle says those rains have been largely disappointing.
He thinks the funds were also back selling and pushing the short side of the market with continued harvest or hedge selling by the farmer.
November soybeans are under the 50-day moving average and closed under $10 but Beadle says at least they held longer term support of $9.95.
December corn held the 50-day moving average but it may be vulnerable as harvest progresses.
Wheat also saw double digit losses with the higher dollar and lower corn.
Technically, all three classes ran into chart resistance which spurred some technical selling.
Plus, the market was also removing risk premium with rain chances this week in the Southern Plains as reflected with Hard Red Winter wheat down the hardest.
Live cattle futures recovered after a lower day Friday and with stronger cash last week.
The five area weighted average was $187.21, up 32 cents and negotiated totals were large at 92,611.
That is the fifth week in a row cash has been higher and Beadle is optimistic the cash trade can grind higher again this week.
Lean hog futures ended mostly lower on hedge selling and profit taking after making new highs for the move on Friday.
Plus Beadle says the market was overbought and due for a correction.
