Grain and soybean futures prices were mixed in early trading today
CHICAGO (AP) _ Grain and soybean futures prices were mixed in early trading today on the Chicago Board of Trade.
Early volume was light, and analysts said some selling was in the market because of weekend harvest progress, although rain continued to delay the harvest in a few areas.
Clear weather was expected to dominate most of the Corn Belt this week, and analysts said that was likely to add to the harvest pressure.
A small amount of export business was underpinning the market, as were technical factors such as trends on price charts, analysts said.
They said volume was likely to remain light throughout the session because of the Columbus Day holiday.
In early trading, wheat was 11/4 cents to 2 cents lower with the contract for delivery in December at $3.021/4 a bushel; corn was 1/2 cent lower to 1/4 cent higher with December at $2.23 a bushel; oats were unchanged to 1/2 cent lower with December at $1.181/4 a bushel; and soybeans were 1/2 cent lower to 11/4 cents higher with November at $5.03 a bushel.
Livestock and meat prices were mixed in early trading on the Chicago Mercantile Exchange.
In early trading, live cattle were .12 cent lower to .33 cent higher with the contract for delivery in October at 62.65 cents a pound; feeder cattle were .45 cent lower to .15 cent higher with October at 65.25 cents a pound; live hogs were .27 cent lower to .25 cent higher with October at 45.95 cents a pound; and frozen pork bellies were .17 cent lower to .30 cent higher with February at 65.45 cents a pound.
In trading Friday, livestock and meat prices were higher.