Pro Farmer
Despite falling 155,000 MT from the previous week, soybean inspections remained strong during the week ended Oct. 24, landing near the top-end of analysts’ pre-report expectations. Corn and wheat inspections also declined and were near low-end estimates.
Grains fell under pressure to end the week while hogs continue to show robust contra-seasonal strength. Cattle paused ahead of this afternoon’s reports.
Selling pressure resurfaced to end the week, with corn, soybeans and wheat each closing lower.
Lean hog futures ended the week on a high note, while cattle futures paused ahead of this afternoon’s Cattle on Feed Report.
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Wheat led losses overnight with corn and soybeans following to the downside.
Selling pressure mounted during the overnight session, with corn, soybeans and wheat trading near session lows early this morning.