Monday, October 25, 2021 12:53PM CDT
The U.S. Department of Justice has agreed to not seek the maximum penalty against northwest Minnesota farmer Kevan Jon Nelson following a guilty plea in a crop insurance fraud case.
December corn is down 1 3/4 cents, November soybeans are down 2 cents and December KC wheat is down 5 3/4 cents.
Cattle moved higher as expected due to the report on Friday, but it was a bit disappointing that futures were not able to move higher than they did. Hogs struggled all day with the exception of December, which held gains likely due to spread trading.