Wednesday, October 20, 2021 11:56AM CDT
A federal judge has allowed multiple pension funds that are shareholders of Bayer to sue the company over its acquisition of Monsanto and questions about whether Bayer did proper due diligence when it came to Monsanto's liabilities for glyphosate cases.
December corn is down 1 1/2 cents per bushel, November soybeans are down 6 1/4 cents, and December KC wheat is down 6 1/2 cents.
Traders are not expecting much this week in cattle futures, which will keep the market choppy. The Cattle on Feed report will be released on Friday and may keep trading activity sideways until then. Hogs took a beating Tuesday moving to the bottom of the recent range and likely poised to close the price gap.