Friday, July 13, 2018 1:45PM CDT
The latest EPA documents released on proposed Renewable Fuel Standard volumes show the agency planned to reallocate biofuel gallons lost to waivers following a meeting between former EPA Administrator Scott Pruitt and U.S. Secretary of Agriculture Sonny Perdue.
December corn was down 1 1/4 cents, November soybeans were down 4 1/4 cents, and September Kansas City (HRW) wheat was down 4 1/2 cents.
Live and feeder contracts should open on a mixed basis with traders torn between cash premiums and signs of struggling beef demand. Lean hog issues should also begin with uneven price action with nearbys gaining on deferreds.