OMAHA (DTN) — March corn is up 5 1/4 cents per bushel, March soybeans are up 12 cents, March KC wheat is up 8 cents, March Chicago wheat is up 6 cents and March Minneapolis wheat is up 7 1/4 cents. The Dow Jones Industrial Average is down 155.68 points and March crude oil is down $0.02 per barrel. The U.S. Dollar Index is down 0.010 and February gold is up $2.80 per ounce. Soybeans and bean meal are leading the ag markets higher following Monday’s dramatic sell-off. It’s a testament to the still strong demand and the unwillingness of traders to get bearish without seeing improvement in the Argentine soybean and corn crops. March beans are attempting to fill the still open chart gap left on Sunday night.
Posted 08:36 — April live cattle are up $0.03 at $160.575, March feeder cattle are down $0.08 at $183.2, April lean hogs are up $0.35 at $85.8, March corn is up 4 1/2 cents per bushel and March soybean meal is up $9.20. The Dow Jones Industrial Average is down 155.51 points. As the corn complex starts the day off stronger, both the live cattle and feeder cattle contracts are trading mixed. The lean hog complex is trading higher as the market seems to have found some technical support.
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