On the Chicago Board of Trade (CBOT) results were mixed for grain commodities, as Wheat for December delivery lost 1.5 cents to $5.21 a bushel; December oats lost 3.5 cents to $2.345 a bushel; December corn fell 2.5 cents to $3.755 a bushel; and November soybeans rose 12.25 cents to $9.1175 a bushel.
Results for beef futures were also mixed on the Chicago Mercantile Exchange, with October live cattle lost 0.5 cent to 92.8 cents a pound; October feeder cattle rose 0.08 cent to 98.95 cents a pound; October lean hogs advanced 0.58 cent to 55.4 cents a pound; and February pork bellies gained 2.3 cents to 86.1 cents a pound.
Even with all the downward pressures, grain commodities should perform well over the long term, as investors start to buy natural resources again, as demand inevitably increases.
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