Corn: March corn futures rose 3 3/4 cents to $4.47 1/4, near the daily high. Trading in the corn futures market remains choppy and sideways as prices are right in the middle of a well-defined trading range.
Soybeans: January soybeans rose 3 3/4 cents to $11.19 1/2, near mid-range. March soybean meal rose 30 cents to $316.40, nearer the daily low. March soybean oil rose 10 points to 52.29 cents, near the daily high. Soybeans saw some tepid short covering today, while the meal and bean oil markets paused.
Wheat: March SRW rose 2 cents to $5.40 1/4, nearer the daily high. March HRW gained 4 1/2 cents to $5.34, near the daily high. March spring wheat futures fell 3 1/4 cents to $5.73. Winter wheat markets today saw short covering as trading has turned choppy and sideways the past couple weeks.
Cotton: March cotton fell 38 points to 64.08 cents, near the daily low. Cotton futures saw more technical selling pressure today as the near-term technical posture for the market remains firmly bearish.
Cattle: February live cattle rose $2.10 to $224.00, near the daily high and hit a three-week high. January feeder cattle gained $4.725 to $336.575, near the session high and hit a four-week high. The live and feeder cattle futures markets rallied again today on more short covering and higher cash cattle trading so far this week in a light test.
Hogs: February lean hogs rose 85 cents to $81.85, nearer the session high and closed at a three-week high close. Lean hog futures today saw more short covering following losses on Monday and Tuesday.