Corn: July corn futures rose 8 cents to $4.60 1/2, nearer the daily high. The corn futures market saw more short covering and perceived bargain buying today.
Soybeans: July soybeans rose 10 1/2 cents to $11.83 1/4, near the daily high. July soybean meal rose $3.90 to $331.20, near the daily high and closed at a five-month high close. July soybean oil rose 109 points to 67.31 cents, nearer the daily high. The soybean complex futures markets today saw short covering and some perceived bargain hunting from the speculators.
Wheat: July SRW rose 1/2 cent to $6.01 3/4, nearer the daily high. July HRW rose 2 1/4 cents to $6.38 1/2, nearer the daily high. September spring wheat futures rose 2 cents to $6.69 1/2. The winter wheat futures markets saw some corrective price pullbacks early on, after Tuesday’s good gains.
Cotton: July cotton futures rose 90 points to 77.42 cents, nearer the daily high and hit a nearly two-year high. The cotton futures market saw more technical buying featured today.
Cattle: June live cattle fell $0.35 to $251.075, nearer the daily high. May feeder cattle fell $3.90 to $370.95, nearer the daily low. The cattle futures markets saw routine profit-taking pressure today that is not unhealthy for the price uptrends to be extended.
Hogs: June live cattle fell $0.35 to $251.075, nearer the daily high. May feeder cattle fell $3.90 to $370.95, nearer the daily low. The cattle futures markets saw routine profit-taking pressure today that is not unhealthy for the price uptrends to be extended.