CBOT futures are weaker as the Ukraine/Russia situation remains less heated.  Traders are planning ahead for Monday’s updated Supply-Demand estimates from USDA.

Cattle futures are lower after trading higher overnight. The sell-off hit the market when pit trading opened at 9:00 am.  After Tuesday’s sharp rally, it isn’t surprising for traders to pause to see if the cash markets (and the consumer) support such price strength. New daily lows are being made.

Corn May -1 483; Jly -1 487; Dec -3 483 Bean May -10 1412; Jly -8 1388; Nov -8 1173 Meal may -5 445; Oct -2 361 Oil -28 4343 Wheat May -1 642; Jly unch 647 KC unch 710;  MGE +2 687 Oats -15 478 Rice -10 1533

LC Apr -127 14435; Jun -115 13585; Oct -130 13642 FC Mar -125 17165; Apr -120 17315; Aug -125 17560 LH Apr -5 11162; Jun +240 11815; Oct +2 9622 Milk Mar +3 2213; Apr +21 2047

US$ -.1%

Dow -.1% SP unch NAS +.1% Tran +.4% VIX -.3%  14.05

WTI -1% Brent -.9% Gas -.7% NG -1.2% HO -1.2% Eth -.5%

Gold +.1% Slvr +.5%

5-yr -.01 1.53% 10yr -.01 2.69% 30yr -.02 3.63%

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