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National Newswire

Soybeans Rally into the New Week
Beans rallied by as much as 2.5% across the front months to start the week. Jan led the way higher, reducing the carry to March by 1 ¾ cents to 17 ¼. Soymeal futures also rallied by 2%, with gains of as much as $8.80. The meal market remains inverted...
Cotton Closes Half a Cent Higher
The 40 to 56 point gains in Monday’s cotton market came after the March contract saw a 111 point range. March closed at 82 cents flat, for a 56 point carry to May. USDA’s monthly data cut cotton yield by 18 lbs/acre to 765 – now the weakest since 2003,...
Cattle Rally Triple Digits on Corn Weakness
Live cattle rallied out of the weekend with triple digit gains of as much as $2.20. The Feb contract printed a $3.28 range on the day before closing ~$1 off the high. Feeder cattle also ended the first trade day of the week with triple digit gains. After rallying back...
Wheat Falls Out of the Weekend
Wheat followed last week’s runnup with losses of as much as 4% on Monday. KC HRW led the way lower with 4.4% losses. The March HRW contract saw a 33 ¼ cent range on the day, and ended just 2 cents off the low. Chicago SRW futures were down by...
Lean Hogs Close Off Lows, Still Red on Monday
Front month hog futures were 40 cents to $1.65 weaker at the close for Monday. Feb futures saw a $3.50 range on the day from -$2.20 to +$1.30. Monday’s National Average Base Hog price dropped by $2.22 to $49.66. The CME Lean Hog Index weakened by 36 cents to $68.76...
Red Monday for Corn Trade
The corn market fell by 1 ¾ to 5 ¼ cents to start the week. March futures saw a 7 ¾ cent range for the day, before closing 3c off the low. The weekly Export Inspections data showed 711,733 MT of corn was shipped during the week that ended 12/07....

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