Wheat makes new highs for the move following cuts to Russian and Black Sea production. However, Randy Martinson, Martinson Ag, says wheat is well off highs and corn and soybeans are lower after hitting resistance on the charts and seeing some farmer selling again.  

Live and feeder cattle futures start higher as the Cattle on Feed Report was in line with expectations but still contained bullish numbers.  However, live cattle have faded into negative territory running into chart resistance and seeing some end of month profit taking. Hogs make new lows for the move and take out another layer of chart support.  

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