Pro Farmer
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.
Cash corn and soybean prices rebound but remain well below year-ago.
Veneman supports Harris | Trump leads in WSJ poll | Trump’s tariff ideas come under attack
Corn and soybeans continue to lead strength, while wheat spent most of the overnight session trading near unchanged.
Pre-report expectations ranging from 2.2 MMT to 3.3 MMT indicated analysts expected huge corn sales during the week ended Oct. 17, though net sales topped the range by 300,000 MT. Soybean sales were also notable at 2.15 MMT.
The report highlights economic condition across the 12 Fed districts.
Corn and soybeans built on Wednesday’s corrective gains overnight, while the wheat market traded on both sides of unchanged.