Thursday, July 22, 2021 9:08AM CDT
High-oleic soybean acres are on the rise due to increasing oil demand. Farmers have a chance to earn more income through premium opportunities raising the identity-preserved crop.
December corn is down 2 3/4 cents, November soybeans are down 7 1/2 cents and September KC wheat is up 2 1/2 cents.
Cattle were the beneficiaries of lower grain prices Thursday with similar support possible Friday as overnight grain futures were lower. Trading may be limited as the Cattle on Feed report will be released after the close. Hog futures remain in an uptrend, but positive fundamental news is becoming harder to find.