CBOT futures closed mixed on a lack of significant market news.  Late Monday, USDA reported corn and soybean condition ratings remain very positive. Corn traded narrow ranges and closed at/near the day’s lows. Soybean futures closed higher in the middle of the range.  November Soybeans peaked at the $10.00 resistance mark – a psychological level and the 20-day moving average. Soybeans were supported by more export announcements. Traders and producers alike anticipate Friday’s Crop Production Report.

Cattle futures closed higher led by the feeder market. Live Cattle were also supported by ideas the cash market will be higher on smaller market receipts. Boxed beef prices helped too. Choice up 0.72 at 199.89; Select up 0.22 at 192.06.

Lean Hog futures closed lower, pressured by weaker cash hog and pork prices amid large receipts. FOB Plant Pork dropped .69 to 76.40 with weakness in belly, loin and butt prices. October LH futures traded both sides of unchanged but closed near the day’s lows.

Corn Sep -3 322; Dec -2 332 (332-36)

Bean Sep +4 1005; Nov +3 988 (977-99)

  Meal unch 336

  Oil +23 3124

Wheat Sep unch 417; Dec -2 437

  KC unch 410; MGE -1 498

Oats -1 175

Rice +4 970

 

LC Aug +5 11697; Dec +55 11597; Feb +50 11565

FC Aug +105 15017; Oct +172 14602; Jan +122 13897

LH Aug -17 6692; Oct -65 5820; Dec -32 5440

Milk Aug -7 1707; Sep +1 1725

US$ -.2%

Dow +4 18533

SP +1 2182

NAS +12 5225

Tran -33 7837

  VIX +.16 11.66

 

WTI -27 4275

Brent -37 4502

Gas unch 136

NG -13 262

HO -1 133

Eth +1 143

Gold +5 1346

Slvr +7 1988

 

2-yr -.008 0.714%

5-yr -.028 1.110%

10yr -.035 1.550%

30yr -.036 2.264%

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