Corn: March corn fell 4 cents to $6.79 3/4, near the session low. Corn futures ended the session slightly lower after early gains from spillover strength from SRW wheat and crude oil futures along with subpar South American weather.
Soybeans: March soybeans rose 2 3/4 cents to $15.38 and nearer the session high. March soybean meal fell $4.50 to $484.20 and nearer the session low. March bean oil closed gained 101 points, closing at 62.33 cents and near the session high. The soybean futures market continues to show the strength to be the grains complex leader for at least the near term. Nearby futures prices are trending up and not far from the contract highs.
Wheat: March SRW wheat rose 8 3/4 cents to $7.61 1/4, marking the highest close since Jan. 3. March HRW wheat rose 5 cents to $8.78 3/4. March spring wheat ended the session up 1 1/4 cents to $9.22 3/4. Wheat futures climbed higher after finding support from strength in crude oil futures and a weaker U.S. dollar index.
Cotton: March cotton futures rose 112 points at 86.22 cents and nearer the session high. The cotton futures market was boosted by a bevy of bullish outside market forces today that included a weaker U.S. dollar index, firmer crude oil prices and a rally in the U.S. stock market.
Cattle: Nearby February live cattle futures inched up 10 cents to $158.85, while most-active April dipped 32.5 cents to $163.025. March feeder futures jumped $1.775 to $190.05.The lack of wholesale market strength may be stifling bullish efforts to sustain rallies in live cattle futures.
Hogs: Expiring February hog futures slipped 27.55 cents to $74.875 Tuesday, while most-active April skidded 10 cents to $86. 425. Although the cash hog index has seemingly bottomed, it is having trouble developing upward momentum.