Soybeans Extend Rally, Cattle Stay Firm at Multi‑Week Highs as Wheat Advances and Corn Holds Steady

Overview

• Soybean futures added another 4–5 cents early Tuesday after closing up 15–18 cents Monday, with weekly sales at 1.178 MMT and reports of China booking 10 U.S. cargoes for March–May.
• Live cattle finished mostly higher Monday and feeders rose about $2.65–$2.90, supported by cash trade at $232–233 and firmer boxed beef, with reports of New World Screwworm detections in Mexico cited as a supportive factor.
• Corn traded steady Tuesday after a 6–7 cent Monday rebound, with weekly export inspections at 1.207 MMT and CFTC data showing managed money back to a net short of 23,584 contracts as of December 30.
• Wheat closed Monday 5–6 cents higher in Chicago and KC even as holiday‑week data showed a marketing‑year‑low 95,385 MT in sales and just 183,305 MT shipped, while funds expanded net shorts in CBOT wheat.
• Lean hogs rallied $2.05 to $2.50 Monday, with USDA reporting net 2025 cancellations and 53,441 MT of 2026 sales for the week ended December 25.