Friday, July 20, 2018 6:56AM CDT
Both soybean meal and soybean oil markets in China have remained relatively calm over the past two weeks after China started taxing U.S. soybeans with a 25% punitive tariff on July 6.
December corn was up 1 1/4 cents, November soybeans were up 3/4 cent, and September Kansas City (HRW) wheat was up 3 1/4 cents.
The cattle complex should open at least moderately higher, supported by higher feedlot sales on Friday and general short covering. On the other hand, lean futures are likely to open under pressure tied to struggling carcass value and increasing pork production.