date:Dec 26, 2012
ices are also being impacted by the sell-off in soybeans.
The approaching winter storm that is expected to bring snow to some of the winter wheat growing area is also bearish for wheat prices. After falling by nearly $1 so far in December, the wheat market is technically oversold.
That could allow for a modest price bounce ahead of end-of-month, end-of-quarter, end-of-year close-out of positions.
Live cattle and feeder cattle contracts are higher early Tuesday. Live cattle futures prices post