Soybeans Lead Gains as Bean Oil Jumps; Corn Firms on New Sales and Wheat Advances

Overview

• Soybeans, which climbed Tuesday midday, added 9 to 11 cents as rising soybean oil prices pulled the complex higher.
• Corn turned higher after USDA confirmed two private sales totaling 295,000 metric tons for 2025/26 and after weekly inspections showed 1.669 million tons shipped led by Mexico, Japan and South Korea.
• NASS reported planting running ahead of normal with corn 11% planted and 4% emerged and soybeans 12% planted by April 19.
• Wheat edged up as winter crop ratings fell to 30% good to excellent and spring wheat reached 12% planted, reinforcing concern over hard red winter fields.
• Livestock diverged, with cattle futures extending losses following the Cattle on Feed report that showed lower March placements and marketings, while hog futures rebounded on strong weekly slaughter and pork cutout values near $100 per hundredweight.