Corn: May corn futures rose 1 3/4 cents to $4.54, near the daily high and hit a three-week low early on. The corn futures market saw some short covering today following recent selling pressure.
Soybeans: May soybeans rose 3 1/4 cents to $11.66 3/4, nearer the daily high. May soybean meal gained $1.40 to $316.60, near mid-range. May soybean oil rose 101 points to 69.95 cents, near the daily high and hit a contract high. The soybean futures saw some short covering today. Some improved risk appetite in the general marketplace today also aided the soybean complex bulls.
Wheat: May SRW lost 3 cents to $5.95 1/4, near mid-range. May HRW fell 7 1/2 cents to $6.08 1/4, near mid-range. May spring wheat futures fell 2 1/4 cents to $6.4 1/2. The winter wheat futures markets saw more profit-taking pressure today and some fresh technical selling as the near-term chart postures for SRW and HRW are deteriorating.
Cotton: May cotton futures rose 75 points to 71.67 cents, nearer the session high and hit an 11-month high. The cotton futures market saw more technical buying today amid a price uptrend that is firmly in place on the daily bar chart.
Cattle: June live cattle rose $0.70 to $247.025, near mid-range and hit a contract high. May feeder cattle fell $0.275 to $370.35, near mid-range and hit a 5.5-month high early on. The live cattle futures market continued to rally today amid sharply higher cash cattle prices, while feeder cattle traders took a pause.
Hogs: June lean hog futures gained $3.225 to $107.70, nearer the session high and hit a three-week high. The lean hog futures market was boosted today by the rally to new for-the-move highs in the cattle futures markets and somewhat improved trader/investor risk appetite in the general marketplace.