Corn: March corn futures rose 2 1/4 cents to $4.46 1/2, nearer the daily high. The corn futures market continues to languish in a tight trading range, bound by the December low of $4.41 3/4 and the December high of $4.52 1/4.
Soybeans: January soybeans rose 2 1/4 cents to $10.93 1/2, nearer the daily high. January soybean meal gained 90 cents to $302.10, near mid-range. January soybean oil fell 27 points to 50.82 cents, near mid-range and hit a two-week low. The soybean market saw some mild short covering today and meal futures paused.
Wheat: March SRW rose 4 cents to $5.33 1/2, nearer the session high. March HRW lost 1 cent to $5.22 1/4, near midsession and hit a six-week low. March spring wheat futures rose 1 1/4 cents to $5.76 1/2, near mid-range for the day. The SRW wheat markets today saw some short covering, while HRW saw mild technical selling pressure from the speculators.
Cotton: March cotton fell 15 points to 63.97 cents, nearer the daily low. Cotton futures saw mild technical selling featured today.
Cattle: February live cattle rose $2.425 to $230.95, nearer the daily high and hit a six-week high. January feeder cattle rose $5.025 to $343.40, near mid-range and hit a six-week high. The cattle futures market bulls are back in business. More chart-based buying from the speculators was featured again today.
Hogs: February lean hogs rose $1.75 to $84.175, nearer the daily high and hit a six-week high. Lean hog futures saw solid technical buying interest today as the near-term chart posture for the market has turned firmly bullish.