Soybeans led the way higher on Tuesday, with November futures racing past the $13 mark en route to a sixth straight higher close. Soybean oil market anxiety was eased on Monday afternoon after the EPA announced that despite 1.76 billion RINs being exempted from 2025 mandated volumes, the added exemptions will be offset with higher blending requirements for 2026 and 2027. Corn and wheat futures traded higher as well Tuesday, with the latter unconvinced of the latest reports of Turkey’s efforts to achieve a grain export deal in the Black Sea. Meanwhile, crude oil futures jumped to their highest price in six weeks Tuesday after two tankers were reportedly struck by missiles while attempting to cross the Strait of Hormuz Monday night. Inflationary concerns have taken hold of outside markets this week, with treasury yields moving sharply higher.

Asking prices are noted at $225 in the South but remain unestablished in the North.

With most other sectors of the dairy market trading lower today, Non-Fat Dry Milk pulled away from the pack and traded 4 cents higher. Cash market helped solidify today’s futures strength.

Initially, the cotton market fell some 200 points Tuesday before slightly recovering and then went quiet.

Ethanol RINs were steady and ethanol cash prices were mixed Tuesday. December corn closed up 8 1/4 cents at $5.46, and March corn was up 8 cents at $5.60 1/4.