USDA released its monthly report today, giving traders plenty to digest, while worries about a potential government shutdown added another layer of uncertainty. Grain and oilseed futures are mostly weaker entering the last hour of trade, pressured by USDA’s quarterly stocks report that came in bearish for both corn and wheat. The weight of ongoing harvest activity is adding to the downside, keeping traders cautious as they position for the close. At the same time, cattle markets worked to kick it up a notch, showing strength as the week gets underway.
Tuesday Market Wrap Up with Mike Zuzolo with Global Commodity Analytics…
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