Wednesday, December 7, 2016 8:04AM CST
Commodity markets tend to eventually correct unusual price relationships, but when there are strong fundamental reasons behind them, the anomalies can continue for a long time.
March corn was 2 cents higher, January soybeans were 4 cents higher, and March Chicago wheat was unchanged.
Hog futures seem likely to open moderately higher, boosted by spillover buying and constructive fundamentals. Look for the cattle complex to begin with mixed price action tied to a combination of residual selling interest and late-week short-covering.