Scarcity Meets Momentum

With insiders and institutions holding most of the float, just 9.7M shares are truly available. New contracts could ignite moves that Wall Street can't ignore.

Grains mixed, Livestock mixed.

By DAVID McHUGH
September 25, 2023

CHICAGO (AP) -- Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for Sep. was up 3.50 cents at $5.84 a bushel; Sep. corn was off .75 cent at $4.7550 a bushel; Dec. oats rose 10.75 cents at $4.3575 a bushel; while Nov. soybeans fell 11.75 cents at $12.8775 a bushel.

Beef was mixed and pork was lower on the Chicago Mercantile Exchange.

Oct. live cattle was up .20 cent at $1.8652 a pound; Sep. feeder cattle was off .45 cent at $2.5345 a pound; Oct. lean hogs fell .65 cent at $.8112 a pound.

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