Soybeans Up More Than 3¢

Ahead of 9 a.m. CT, March corn was down a penny at $4.44 per bushel.

January soybeans were up 3½¢ at $11.31½ per bushel.

March CBOT wheat was down 4¢ at $5.31 per bushel. March KC wheat was down 4¾¢ at $5.22 per bushel. March Minneapolis wheat was up less than a penny at $5.76½.

“Two primary factors are expected to shape the U.S. grain and oilseed sector in the weeks ahead,” said Arlan Suderman, chief commodities economist at StoneX. “One will be the extent to which China fulfills its commitments made in the trade deal that it reached with the U.S. USDA Secretary Rollins stated last week that we should see the details of that agreement by the end of this week, which should give us a greater sense on what we can expect for commodities beyond just soybeans. The other major factor will be when the U.S. Environmental Protection Agency releases the final regulations for the U.S. biofuel program through 2027. The above two factors could prove very bullish for commodity demand or disappoint.”

Ahead of 9 a.m. CT, January feeder cattle were up $6.60 at $327.68 per hundredweight (cwt). February live cattle were up $4.25 at $220.18 per cwt. February lean hogs were up 50¢ at $80.80 per cwt.

January crude oil was down 56¢ at $58.76 per barrel.

The U.S. Dollar Index December contract was up to 99.37.

The S&P 500 Index was up 26.29 points, and the Dow Jones Industrial Average was up 31.23 points. 

Published: 9:25 a.m. CT