date:Nov 01, 2012
derpin prices, wheat futures are playing follow the leader role. Prices are moving higher on spillover support from the corn and soybean markets. The lower dollar index is another supportive factor for futures. December wheat futures at CBOT are trading 9 cents higher, 6 cents higher at KCBT, and 7 cents higher at MGE.
Live cattle futures are called to open lower this morning. Futures are anticipated to open lower this morning on moderate declines in wholesale beef prices. Yesterdays closing