Soybean futures traded sharply higher by 18 1/2 to 23 cents, reaching a 6 month high. Crop losses are expected in Argentina due to heavy rains. A
Wheat futures closed higher in CBT and KC contracts, but sharply lower in MPLS contracts. MPLS was down 16 ¼ at $5.66 ½ after touching
Live cattle futures finished higher in all contracts, from 50 cents to $1.075; feeder cattle futures followed suit and were 47.5 to 75 cents higher.
Lean hogs were a dime to 30 cents higher in the front three contracts today. The CME lean hog index for 1/13 was another $1.18 higher at $64.10. The
Cotton futures closed the day 9 to 16 points lower. This was unusually steady trade considering the sharply lower US Dollar Index. Crude oil futures
Ag Market Commentary
Corn futures settled mostly 7 higher on Tuesday, benefitting from continued losses on the US Dollar chart. March 17 futures closed at their highest