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The ADM newsletter said the September USDA report was slightly negative for corn and soybeans and neutral for wheat. Dec corn traded to 4.97 and Dec soymeal to about 335.40 after the August report.
Lean hog and live cattle futures moved within recent ranges in August, with cash cattle around $125 to $130/cwt.
Expected supply increases and slow demand weigh on corn and soybean complex prices. Cattle and hog price trends signal feeding-margin conditions for buyers.
admis.comADMIS Research TeamSep 20, 2021Not 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.
