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November soybeans gained 8 3/4 cents while December corn and wheat futures were modestly lower. December live cattle and November feeder cattle contracts were higher, with feeder cattle reaching $335.425, ahead of the USDA production and WASDE report.
Pre-report positioning in soybeans and corn reflects expectations for USDA supply estimates that feed directly into feed grain and soymeal costs. Higher feeder cattle prices point to stronger demand for feed in the cattle sector.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.