Corn: December corn futures rose 6 1/4 cents to $4.41 1/2, near the daily high and hit a 4.5-month high. The corn futures market today saw good chart-based buying from the speculators amid an increasingly bullish near-term chart posture.
Soybeans: January soybeans rose 13 1/4 cents to $11.47, nearer the session high and hit a 17-month high. December soybean meal rose $7.40 to $328.40, nearer the daily high and hit a nine-month high. December soybean oil fell 37 points to 50.25 cents, nearer the daily low. The soybean and meal futures markets today saw more chart-based speculator buying featured as their near-term technical postures remain firmly bullish.
Wheat: December SRW fell 1/4 cent to $5.35 3/4, near mid-range. December HRW rose 1/4 cent to $5.25 3/4, near mid-range. December spring wheat futures rose 1/4 of a cent to $5.70, also about mid-range. Winter wheat markets today saw a pause but the bulls were disappointed given the solid gains in soybeans and corn.
Cotton: December cotton fell 40 points to 62.90 cents, near the daily low and closed at a contract low close. December cotton futures today saw more technical selling as the near-term charts remain fully bearish.
Cattle: December live cattle fell $6.275 to $219.00, near the daily low. January feeder cattle lost $9.025 to $318.45 and near the daily low. The live and feeder cattle futures bulls late this week are fading fast as strong technical selling pressure from the speculators was featured today, along with lower cash cattle trade so far this week.
Hogs: December lean hogs fell $2.55 to $78.075, near the daily low and hit a four-month low. Lean hog futures today saw heavy technical selling. A continued erosion in cash hog prices and weakening pork cutout values late this week also pressured futures prices.