Corn Mar +3 586 (578-89); Jly +3 588; Dec22 +2 555

Bean Jan -11 1250 (1243-68); Jly -8 1272; Nov -1 1232

  Meal Jan -3 350 (347-54)

  Oil -76 5710

Wheat Mar +2 808 (797-813); Jly +3 801

  KC Mar +5 827; MGE +9 1036

Oats +2 732

Rice -11 1418

 

LC Dec +5 13822; Feb -42 13922; Apr -42 14245

FC Jan -22 16502; Mar -47 16747; May -35 17182

LH Dec +2 7207; Feb -167 7655; Apr -160 8205

Milk Dec +1 1867; Jan +31 1949

 

CBOT futures closed mixed with soybean oil leading the losses and MGE wheat the top gainer. Trading was on both sides of unchanged ahead of Thursday’s USDA WASDE report. Soy complex was pressured by talk that the Biden administration will issue disappointing biofuel blending rates. Wheat continues to find support from the tightening global S&D situation. A Russia-Ukraine conflict could impact available supplies. U.S. HRW areas need rain. In corn, exports are lagging but demand by ethanol producers is supportive.

Cattle futures closed lower with live cattle trading narrow ranges with minimal losses. LC were pressured by weaker boxed beef values and ideas that the cash fed market could be steady with last week – at best. Choice beef dropped 4.50 to 268.03 and Select fell 2.17 to 255.68. Beef movement was a moderate 159 loads.

Beyond the nearby December LH contract, lean hog futures closed sharply lower. LH was pressured by follow-through selling to yesterday’s sharp drop. USDA delayed the Daily FOB Plant pork cutout report due to packer submission issues.

US$ steady 96.30

Dow +492 35719

SP +95 4687

NAS +462 15687

Tran +28 16355

  VIX -5.29  21.89

 

WTI +230 7160

Brent +211 7519

Gas +7 211

NG +8 373

HO +6 223

Eth unch 214

Gold +5 1785

Slvr +26 2252

2-yr +.058 0.693%

5-yr +.047 1.260%

10yr +.048 1.482%

30yr +.051 1.809%

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