Corn: December corn rose 3 1/2 cents to $4.67 1/2, near the daily high and for the week up 6 1/2 cents. The corn futures market posted a nice bounce from early lows today, as the bulls stepped in to buy the dip. Prices are still trending up on the daily chart, which should at least limit the downside early next week.
Soybeans: November soybeans rose 8 cents to $12.03, nearer the daily high, closed at a two-month high close and for the week 12 1/4 cents. September soybean meal lost $3.40 to $317.10, nearer the low and for the week down a dime. September bean oil rose 222 points to 73.93 cents, nearer the daily high, hit a six-week high and for the week up 301 points. Soybeans and bean oil closed at technically bullish weekly high closes today. The soybean and bean oil futures got support today from USDA this morning reporting daily U.S. soybean sales of 340,000 MT to China, 256,634 MT to Mexico and 110,000 MT to unknown destinations during 2026-27. Solid gains in crude oil prices today boosted bean oil.
Wheat: September SRW wheat gained 8 cents to $6.82 3/4, near the daily high and for the week up 42 1/2 cents. September HRW wheat rose 15 3/4 cents to $7.32 1/4, near the daily high, hit a seven week high and for the week up 56 cents. September spring wheat futures rose 6 1/2 cents to $6.91 3/4, near the daily high and for the week up 39 1/4 cents. The winter wheat futures markets today saw renewed technical buying interest after the pause on Thursday. Bulls have technical momentum heading into trading early next week, following today’s bullish weekly high closes.
Cotton: December cotton futures fell 67 points to 78.63 cents, near mid-range after hitting a two-week low early on. For the week, Dec. cotton was down 291 points. The cotton futures market today saw follow-through selling pressure from Thursday’s big losses, to produce a technically bearish weekly low close that sets the table for some more speculator selling interest early next week.
Cattle: August live cattle futures fell $2.65 to $224.425, near the daily low, hit a four-month low and for the week down $10.775. August feeder cattle futures lost $0.65 to $345.95, near mid-range, closed at a five-week low close and for the week down $8.65. The cattle futures markets saw still more technical selling today as the bleeding continues. The technically bearish weekly low closes on a Friday again this week set the stage for follow-through chart-based selling early next week. Lower cash trade so far this week also hit futures prices.
Hogs: August lean hog futures rose $1.375 to $101.65, nearer the daily high, hit a seven-week high and for the week up $2.65. The lean hog futures market saw more technical buying interest from the specs today amid charts that are turning more bullish as prices are in a solid uptrend on the daily bar chart.