Corn: May corn futures rose 4 3/4 cents to $4.67 1/4, near the daily high. The corn futures market today saw technical buying amid a price uptrend that remains in place on the daily bar chart.
Soybeans: May soybeans rose 16 3/4 cents to $11.71 3/4, near the daily high. May soybean meal lost $2.60 to $319.80, nearer the daily low. May soybean oil rose 137 points to 67.10, near the daily high. The soybean futures market today saw a late-session surge on news the White House said President Trump and Chinese President Xi will meet in mid-May in China, followed by a Xi reciprocal visit to the U.S. later on.
Wheat: May SRW rose 7 3/4 cents to $5.97 3/4, near the daily high. May HRW gained 13 3/4 cents to $6.17 3/4, near the session high. May spring wheat futures rose 9 1/2 cents to $6.40 3/4, near the daily high. Short covering and perceived bargain hunting were featured in wheat markets today.
Cotton: May cotton futures rose 56 points to 68.18 cents, near the session high. The cotton futures market today saw another corrective bounce from recent selling pressure. Cotton got a late lift as soybeans rallied on news the White House said President Trump and Chinese President Xi will meet in mid-May in China.
Cattle: April live cattle fell $0.95 to $234.425, near mid-range. March feeder cattle lost $0.65 to $350.05, near mid-range and hit a three-week high early on. The cattle futures markets today saw pauses amid fledgling price uptrends in place on the daily bar chart.
Hogs: April lean hog futures fell $0.15 to $90.90, nearer the session low and hit a nine-week low. The lean hog futures market saw mild technical selling pressure today amid a price downtrend in place on the daily chart.