Markets Open Mixed as Trade Eyes Planting Progress and Demand
Grain markets are mixed in early trade as planting conditions improve across much of the country and traders continue to sort through the latest USDA data.
Corn is slightly lower to start the day, with pressure tied to early planting momentum and expectations for increased acreage this spring.
Soybeans are steady to slightly higher after USDA raised its season average price, reflecting solid demand despite global competition.
Wheat is mixed, balancing global supply pressure with ongoing concerns in key export regions.
In livestock, live cattle are higher on continued strong cash movement and tight supplies. Feeder cattle are firm, while hogs are lower as demand questions linger.