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GRAINS-Wheat climbs to two-month high, soybeans fall on outside market pressure
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Wheat climbs to two-month high, soybeans fall on outside market pressure
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CBOT Trends-Soy up 9-14 cents, wheat up 8-10 cents, corn up 1-3 cents
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CBOT Trends-Soy up 3-9 cents, corn up 2-9 cents, wheat down 1-6 cents
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7/9/2021
By Christopher Walljasper
CHICAGO, July 9 (Reuters) - Chicago Mercantile Exchange live
cattle futures eased for a third session on Friday as futures
markets tried to read conflicting cash markets, traders said. We have the South backed up on cattle, trying to get cattle
moved through, said Scott Varilek, broker at Kooima Kooima
Varilek Trading Inc, There’s tighter supplies up here, because
the incentive to feed cattle in the North has not been here for
a while.
Backed-up supply in the South has led to lower cash prices,
with Texas and Oklahoma trading cash cattle around $120 per cwt,
while producers holding smaller supplies in Nebraska saw $125