November soybeans closed at $12.97 3/4 on September 29, up 9 1/2 cents, leading gains across the grain and livestock boards in Tuesday's session.

December corn finished at $5.22, down 1 cent, holding near the $5.20 level that continues to shape 2026 margin math for growers weighing input costs against revenue prospects.

December Chicago wheat posted a 4-cent advance to close at $6.91 3/4. The wheat market's strength contrasted with a softer showing in the soybean processing complex, where October soybean meal fell $1.60 to $360.10 per ton even as October soybean oil rallied 74 points to 67.85 cents per pound.

The split within the crush complex points to diverging demand signals. Soyoil's gain alongside a meal decline suggests end users and speculators are positioning differently across the two products, a dynamic crushers will factor into board crush margins in the sessions ahead.

Livestock markets finished mixed. October live cattle slipped 22 cents to $217.22, while October feeder cattle rose $1.75 to $333.65. The widening spread between fed cattle and feeders reflects the feed-cost picture: with December corn near $5.22, feeder buyers showed willingness to pay up despite softer fat-cattle prices.

October lean hogs gained $1.12 to close at $79.37, extending strength in the pork complex.

For row-crop producers, the soybean advance offers a modest bright spot as harvest activity builds. A close near $13 on the November contract keeps meal and oil values in territory that supports positive crush demand, though the meal market's pullback signals processors may see softer protein demand near term.

Corn's 1-cent decline leaves the December contract in a narrow range. Growers monitoring basis movements during harvest will watch whether local elevators widen or tighten bids as supplies hit the pipeline — futures levels alone do not determine the price farmers capture at the point of sale.

Wheat's 4-cent gain to $6.91 3/4 comes as traders position ahead of upcoming supply reports. Chicago soft red winter values at these levels keep domestic feeding and export arithmetic competitive depending on freight and currency movements.

In the cattle feeding sector, the $116-plus spread between October live cattle at $217.22 and feeders at $333.65 underscores the cost of replacement animals relative to fed-cattle returns. Feeder strength at $333.65, up $1.75 on the day, indicates demand for placements remains firm even as margins tighten.

Lean hogs at $79.37, up $1.12, reflect continued support in the pork chain, with cutout values and slaughter pacing shaping packer bids.

The Class III milk close was not reported in full in the original settlement summary.

Traders will look to upcoming USDA supply and demand data, export sales figures, and harvest progress reports to gauge whether Tuesday's soybean strength and wheat gains carry through, or whether corn's softness and the meal market's retreat set the tone for the week's remaining sessions.