Tuesday, January 23, 2018 12:01PM CST
Severe icing has wreaked havoc on the U.S River system for weeks now and there is hope that forecasts for a warm up the next few days may help alleviate some of that. Still, even if there is a slight meltdown, that ice needs to work its way down river and through locks, which could cause ice jams along their path.
March corn was fractionally lower, March soybeans were 2 cents higher, and March Chicago (SRW) wheat was 2 cents lower.
Live and feeder futures should open moderately higher, supported by follow-through buying and cash market optimism. On the other hand, lean hog contracts seem likely to begin Tuesday with mixed prices thanks to a slow combination residual selling and short-covering.