The latest COT report sparked some reaction across the grain markets as traders adjusted positions, while China was back in the market with additional grain purchases. South American weather is adding another layer of uncertainty, with some regions forecast to receive more than six inches of rain over the next 10 days, raising concerns about crop conditions and logistics. Meanwhile, livestock trade remained relatively quiet, with the cattle market largely focused on digesting last week’s cash trade and looking for fresh direction.
The Monday Market Wrap Up is with Jacob Burks at AgMarket.Net
