Grain markets were mixed to slightly lower on Monday as traders prepared for the November WASDE report, while cattle futures rebounded and nearby hogs found support. Analysts cited persistent fund selling, export demand and outside markets as influences, and said corn yield expectations varied widely ahead of the report.
Fund liquidation and expectations of a large crop have weighed on corn, while a lower-than-expected USDA yield could provide support. Stronger cattle futures may reflect improving market sentiment, but the article gives no new change in livestock supply or demand.
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.