* At midday, corn is +7, soybeans are +16, Chicago wheat is +11, KC wheat is +16, Minneapolis wheat is +12, March feeders -.700, Feb fat cattle -.800, Feb hogs +1.450.
* Does not appear to be anything game changing in the report numbers today, market may have been expecting overall more bearish numbers and did not get it so the reaction has been positive. Funds may look to start exiting short positions if the path of least resistance is up from these price levels. Today’s close will be closely watched to see if we continue the rally.
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