Corn: July corn futures rose 21 1/4 cents to $4.77, near the daily high. The corn futures market bulls were right back in business today, after getting taken behind the woodshed late last week.
Soybeans: July soybeans rose 36 cents to $12.13, nearer the daily high. July soybean meal rose $0.20 to $334.50, near the daily low. July soybean oil gained 175 points to 75.63 cents, near the daily high. The soybean market today saw heavy short covering and perceived bargain buying, following the shellacking last Thursday and Friday. The bulls are back in the saddle early this week.
Wheat: July SRW rose 28 3/4 cents to $6.64 1/2, nearer the daily high. July HRW gained 15 3/4 cents to $7.03 3/4, nearer the daily high. July spring wheat futures rose 18 cents to $7.03 1/4. The winter wheat futures markets were pulled higher today by strong rallies in the corn and soybeans markets, following upbeat weekend specifics on future China purchases of U.S. ag products. Both countries stated they want better and more stable trade relations.
Cotton: July cotton futures rose 309 points to 83.70 cents, near the daily high. Cotton futures saw a solid corrective bounce following strong losses posted last Thursday and Friday.
Cattle: June live cattle fell $0.525 to $253.375, nearer the daily low. August feeder cattle fell $2.60 to $358.85, near the daily low. The cattle futures markets saw a pause and some profit-taking today.
Hogs: June lean hog futures fell $0.225 to $98.525, near the daily low. The lean hog futures market saw a pause in a bear market today.