Corn: December corn futures rose 4 cents to $4.10, near the session high. The corn futures bulls needed to step up and show fresh power to keep alive a price uptrend on the daily bar chart—and they did just that today. Buying interest in corn futures was helped today by good weekly export sales numbers.
Soybeans: November soybeans rose 1 1/4 cents to $10.48 3/4, nearer the daily high. September soybean meal fell $6.80 to $286.30, nearer the daily low. September soybean oil fell 72 points to 51.75 cents, nearer the daily low. The soybean complex bulls came on strong late today, after being under mild pressure much of the session.
Wheat: December SRW wheat rose 4 3/4 cents to $5.29, near the daily high. December HRW wheat rose 2 3/4 cents to $5.15 3/4, near the daily high and hit another contract low early on. December spring wheat futures rose a nickel to $5.77 1/4. The winter wheat futures markets today saw some short covering but continue to languish at or near their contract lows.
Cotton: December cotton rose 62 points to 67.30 cents, nearer the daily high. The cotton futures market saw short covering and perceived bargain hunting today, following solid losses earlier this week.
Cattle: October live cattle fell $2.60 to $236.925 and near the daily low. September feeder cattle dropped $3.60 to $361.80, near the session low. The live and feeder cattle futures markets today saw what is so far routine profit-taking pressure from the speculators, after prices hit contract/record highs Wednesday.
Hogs: October lean hogs rose 37 1/2 cents to $94.275, nearer the daily high and closed at a two-month high close. More technical buying was featured in lean hog futures today, as the near-term chart posture has turned significantly more bullish this week.