Just after 9:30 a.m. CT, March corn was up 5¢ at $4.43¼ per bushel.
January soybeans were up 2½¢ at $11.27¼ per bushel.
“The market is now in full holiday mode, and this weighed on overnight trade,” said Karl Setzer, partner with Consus Ag Consulting. “Big losses were not seen though, as selling interest is minimal as well. Much of what we will see [Wednesday] will be month end positioning, as many traders will take the rest of the week off. This could make for an interesting session on Friday, as it is the first notice day for December contracts and also a shortened session.”
March CBOT wheat was up 3¢ at $5.42¼¢ per bushel. March KC wheat was 4¼¢ stronger at $5.32½ per bushel. March Minneapolis wheat jumped 7½¢ at $5.85 per bushel.
December live cattle were up $4.35 at $211.67 per hundredweight (cwt). January feeder cattle jumped $5.37 at $312.45 per cwt. December lean hogs were up $1.37 at $80.37 per cwt.
At 9:36 a.m. CT, January crude oil was up 10¢ at $58.04 per barrel.
The S&P 500 Index was up 25.77 points, and the Dow Jones Industrial Average increased 191.10 points.
The December U.S. Dollar Index was up 16 points.
Published: 9:50 a.m. CT
