* At midday, corn is +2, soybeans are +4, Chicago wheat is +4, KC wheat is +2, Minneapolis wheat +1, Mar feeders +2.900, Apr fat cattle +2.00, Apr hogs +.470.
* Short covering by fund managers leading the way today with crude oil up 2.00.
* Cattle have been reported to be reacting to stronger cash markets the last couple of days also prompting short covering and coupled with oversold conditions.
* Chinese crush margins have improved a lot since their return from New Year holiday. In the past such an increase in crush margins have prompted a cash buying spree. Most of that business would go to South American, but it is possible to see a little US business in there also. Some of the US consideration will come from the current 160+ vessel line up in Brazil at the moment.
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