As of 9:30 a.m. CT, the March corn futures saw a slight increase of less than a penny, reaching $4.26¾ per bushel.
In a positive turn, March soybean prices rose by 6½¢, now standing at $11.40½ per bushel.
Meanwhile, wheat futures also experienced gains: March CBOT wheat increased by 8¢ to $5.45¾ per bushel, Kansas City wheat rose by 7½¢ to $5.46¼ per bushel, and Minneapolis wheat was up by 5¼¢, reaching $5.73½.
Naomi Blohm, a senior market advisor at Total Farm Marketing, noted that the uptick in soybean prices was driven by optimism surrounding potential favorable updates from the EPA regarding the Renewable Fuel Standard blend requirements. Reports indicate that the agency is expected to submit its 2026 regulatory proposal for White House review this week, a process that may take up to 30 days.
In the livestock sector, March feeder cattle were down $1.33, priced at $369.65 per hundredweight (cwt). April live cattle also saw a decline of 50¢, settling at $242.30 per cwt, while April lean hogs increased by 30¢, now at $92.60 per cwt.
On the energy front, April crude oil prices climbed by $1.96, reaching $64.22 per barrel.
The U.S. Dollar Index for March contracts rose to 97.34.
As of 9:29 a.m. CT, the S&P 500 Index was up by 53.77 points, and the Dow Jones Industrial Average increased by 275.43 points.
Published: 9:52 a.m. CT
