Soybean and soybean oil futures are leading the CBOT today with corn futures taking a breather after recent strength. There’s little news in the market to move prices. The US dollar is weaker today as the Cyprus situation cools somewhat after the government rejected the deal which would have taken a share of people’s bank accounts. The reduced risk in the financial markets is marked by the 12 pct drop in the VIX Index.

Live Cattle futures are holding up well in light of the drop in Choice beef yesterday and feedlots selling cattle at $124-125/cwt, down from $127 last week. Feeder Cattle futures continued to slide, making new contract lows. The nearby contract may find support at the weekly continuation low of $133/cwt.

Lean Hog futures are also sliding to new lows on weak cash markets. The nearby April contract may find support from the weekly continuation chart at 76.65, then 70.00/cwt.

Corn May +.5 729; Jly +1 713; Dec +1.5 564 Bean May +11 1417; Jly +8.5 1396.5; Nov +2 1258 Meal may +1 412; Oct -1 355 Oil +50 4998 Wheat May +6 728; Jly +6 726 KC +8 760; MGE +5 803

LC Apr +20 12550; Jun +37 12135; Oct +27 12692 FC Mar -90 13510; Apr -87 13750; aug -45 14680 LH Apr -110 7712; Jun -87 8740; Oct -87 7857 Milk Apr +10 1760; May +22 1828

Oats +1 397 Rice -6 1466

US$ -.3% Dow +.4% SP +.5% NAS +.4% Tran -.5%   VIX -12% 12.65

WTI +.3% Brent +.5% Gas +.2% NG -1.1% HO +.3% Eth -.6%

Gold -.3% Slvr -.3%

5-yr +.03 0.79% 10yr +.04 1.93% 30yr +.04 3.16%

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