CBOT futures were supported early by disappointing weekend rains in South America. However corn fell off after the USDA export inspections came out where only soybean exports were favorable.

Cattle futures opened strongly on Friday’s friendly Cattle Inventory report but has traded down quite a bit since then. Boxed beef values have not been supporting the cash market. A Russian ban on US beef and pork is also a negative factor.

A strong US dollar is weighing on commodity futures and the stock market.

Corn Mar -2 734; Jly -2 727; Dec unch 592

Bean Mar +16 1490; Jly +16 1471; Nov +12 1344   Meal Mar +7 435; Oct +5 376   Oil +15 5314

Wheat Mar -1 764; Jly -1 777   KC -6 816; MGE -1 851

LC Feb +32 12742; Jun +35 12810; Oct +12 13312 FC Mar -62 14857; Apr -37 15175; Aug -32 15975 LH Feb +15 8780; Apr -70 8805; Jly -50 9722 Milk Feb -2 1716; Mar -15 1711

Oats +2 361

Rice +9 1565

 US$ +.4%

Dow -.8% SP -.9% NAS -1.2% Tran -.6% VIX +12% 14.46

WTI -1.5% Brent -1% Gas -.4% NG +1.3% HO +.4% Eth -.6%

Gold +.4% Slvr -.5%

5-yr -.040 0.844% 10yr -.040 1.976% 30yr -.046 3.179%