Grains are closed for Labor Day before a 7 pm central open of the Tuesday session. Corn and soybean futures will look to follow-through on a firm close last week, with the December corn starting with an immediate test at $4 and November beans right at $10. Stock futures were trading in a quiet pre-open along with the energies and metals. In the Headlines December corn futures completed a weekly reversal to finish up by 10 cents over the last five sessions. November beans rallied 27 cents to settle at $10.00 exactly. December Chicago wheat futures bounced 23 1/2 cents and Dec KC wheat futures were up 30 1/4 cents. October live cattle closed the week higher by $2.90 while Oct feeders were up $3.37. October lean hogs were up $1.65 for a third straight up-week. Labor Day in the U.S. comes as there is attention being paid to a growing labor dispute that could threaten a strike by port workers on the East Coast and along the Gulf of Mexico. The International Longshoremen’s Association will meet this week to form its contract demands. Up to 25,000 union members could strike after their current employment agreement expires on September 30th….
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