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CBOT grain futures closed steady to mostly higher, with corn and soybeans finishing near the day's highs after the U.S.-China trade news. Live cattle closed strongly higher, while lean hogs closed lower on weaker cash prices and large slaughter totals.
Traders hope China will begin buying U.S. soybeans following the G20 talks.
Expectations of Chinese soybean purchases and large speculative short positions in corn, wheat and soybeans could support a further rally. Heavy hog slaughter continues to weigh on lean hog prices.
kyfb.comDec 4, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
