Corn: December corn futures rose 2 1/4 cents to $4.32, near the daily high. The corn futures market today saw more buying interest from speculators amid improved risk appetite in the general marketplace early this week on ideas the U.S. government may reopen as soon as later this week.
Soybeans: January soybeans fell 2 3/4 cents to $11.27 1/4, nearer the session high. December soybean meal fell $3.10 to $316.90, nearer the daily low. December soybean oil rose 52 points to 51.10 cents, near the daily high and hit a three-week high. The soybean futures market today saw a pause from recent gains.
Wheat: December SRW rose 1/4 cent to $5.36, near mid-range. December HRW fell 3 1/4 cents to $5.23 3/4, near mid-range. December spring wheat futures rose 5 1/4 cents to $5.69 1/2. Winter wheat markets today saw a pause. Improved risk appetite in the general marketplace to start the trading week has limited selling interest in wheat futures.
Cotton: December cotton fell 43 points to 63.88 cents, near the daily low. December cotton futures today saw a mild corrective pullback after Monday’s gains.
Cattle: December live cattle fell $1.35 to $227.20, nearer the daily low. January feeder cattle rose 32 1/2 cents to $329.15 and nearer the daily low. The live and feeder cattle futures markets today saw some mild to moderate losses, but still not a bad day for the bulls following Monday’s strong to limit-up price gains.
Hogs: December lean hogs fell 42 1/2 cents to $82.35, near the daily low. Lean hog futures today saw a pause after Monday’s solid gains that pushed prices to a three-week high.