December Lean Hogs continued on its path of lower prices, gaping lower on the open and continuing lower till late morning, making the low at 69.325. It limped into the close and settled at 69.50. The high was at 71.375. The gap is from the September 29th low at 71.775 to Monday’s high. The selling pressure continued as traders remain …
Grain Spreads: Beans Drifting Lower
Commentary November soybeans rose 2 cents to $12.77 after marking the lowest intraday level since June 29. December meal fell $6.90 to $374.30, the lowest close since June 12, while December soy oil rallied 160 points to 57.43 cents, ending the session above the 200-day moving average. Soybeans struggled to garner much bullish momentum from the surging corn and wheat …