Monday, March 19, 2018 8:04AM CDT
The European Commission on Friday released the full list of U.S. products to face retaliatory tariffs due to the Trump administration's push for tariffs on steel and aluminum imports. Several agricultural commodities were listed, including rice, cranberries and sweet corn.
May corn was 4 1/2 cents lower, May soybeans were 13 cents lower, and July Kansas City (HRW) wheat was 16 3/4 cents lower.
Look for the cattle complex to open on a mixed basis, a slow and cautious combination of follow-through selling and the vaulted premium status of the cash feedlot trade. Lean hog futures are also staged for uneven prices in the early going with nearby issues being pressured more than deferreds.