Corn: March corn futures rose 5 3/4 cents to $5.02, nearer the session high and hit a nearly 10-month high. The corn market bulls were off to the races to start this U.S. holiday-shortened trading week.
Soybeans: March soybeans rose 2 1/2 cents to $10.38 1/2, marking a high-range close, while March meal fell $2.10 to $293.80. March soyoil rallied 123 points to 47.30, forging a three-month high close. Soybeans posted modest gains in consolidative trade as technical resistance and a firmer U.S. dollar pared gains along with weaker-than-expected export inspections and NOPA crush data.
Wheat: March SRW futures climbed 4 3/4 cents to $6.04 3/4 and closed nearer session highs. March HRW futures closed 6 cents higher at $6.27 1/4, near session highs. March spring wheat futures rose 7 1/2 cents to $6.41. Wheat followed the corn market higher today, with winter wheat contracts marking four-month highs.
Cotton: March cotton rose 40 points to 67.51 cents, ending the session above the 40-day moving average. Cotton futures gapped higher in overnight trade following the National Cotton Council’s (NCC) release of its 2025-26 acreage estimates over the weekend.
Cattle: Cattle futures traded mixed to higher Tuesday. Expiring February live cattle slid 30 cents to $197.45, while most-active April futures skidded 22.5 cents to $194.025. In contrast, March feeder futures jumped $3.375 to $269.725. Cattle traders seemed uncertain as to how the market would act this week, with live cattle futures trading on either side of unchanged.
Hogs: April lean hogs rose 60 cents to $93.20, nearer the daily low. The lean hog futures market today backed off its daily high on some modest and routine profit-taking after hitting a contract high last week.