Corn: May corn futures rose 1 1/2 cents to $4.43 1/2, mid-range and hit a six-week high early on. Disappointing weekly export sales of U.S. corn limited buying interest in futures today, but a late-session recovery pushed prices back above unchanged.
Soybeans: May soybeans fell 1 1/2 cents to $11.63 1/2, nearer the daily high and hit a three-month high early on. May soybean meal fell 90 cents to $318.70, nearer the daily high and hit a 2.5-month high early on. May soybean oil rose 109 points to 61.76, near the daily high and hit another contract high. The soybean and meal futures market today saw some selling pressure most of the day due in part to news reports out of China that Chinese officials are irked that U.S. officials are not planning enough for the summit between Presidents Trump and Xi in April.
Wheat: May SRW rose 4 3/4 cents to $5.74 1/2, near the daily high. May HRW lost 2 cents to $5.62 1/4, near mid-range. May spring wheat futures rose 1 3/4 cents to $5.98 3/4, nearer the daily high. The winter wheat futures markets today saw mixed trade. SRW was boosted by some perceived bargain buying, while HRW was pressured by some better precipitation chances next week in U.S. HRW country.
Cotton: May cotton lost 81 points to 65.36 cents, near the daily low. The cotton futures market today saw profit-taking pressure from the shorter-term futures traders, after recent good gains.
Cattle: April live cattle lost $3.375 to $236.90, nearer the daily low and hit a three-week low. March feeder cattle fell $4.65 to $361.65, nearer the session low and hit a four-week low. The cattle futures markets today saw heavy profit-taking pressure and weak long liquidation that produced near-term technical damage by negating near-term price uptrends.
Hogs: April lean hog futures fell 47 1/2 cents to $95.725, nearer the daily low and hit a two-week high early on. Lean hog futures today saw some profit-taking pressure from the shorter-term traders.