Corn: December corn rose 9 cents to $4.61, near the daily high and for the week up 19 1/2 cents. The corn bulls rebounded smartly today to provide them with fresh technical momentum after shaky trading days Wednesday and Thursday.
Soybeans: November soybeans rose 9 1/4 cents to $11.90 3/4, nearer the daily high and for the week up 43 cents. September soybean meal gained $2.80 to $317.20, near mid-range and hit a five-week high. For the week, September meal was up $14.10. September bean oil rose 44 points to 69.92 cents, nearer the daily high and for the week up 358 points. The soybean complex futures rallied today on more confirmation of China purchases of U.S. soybeans.
Wheat: September SRW wheat rallied 20 1/2 cents to $6.40 1/4, nearer the daily high, hit a six-week high and for the week up 40 1/2 cents. September HRW wheat rose 22 cents to $6.76 1/4, nearer the daily high, also hitting a six-week high and for the week up 37 3/4 cents. September spring wheat futures rose 22 cents to $6.76 1/4 and notched a 33 3/4-cent weekly gain. The winter wheat futures markets today saw a double-barrel bullish boost from escalating tensions between Russia and Ukraine that have spurred rumblings of shipping disruptions in the Sea of Azov.
Cotton: December cotton futures rose 91 points to 81.54 cents, near the daily high, closed at a six-week high close and for the week up 442 points. The cotton futures market today saw buying interest from spillover support from solid gains in grains, including a technically bullish weekly high close.
Cattle: August live cattle futures fell $0.05 to $235.20, nearer the daily high after hitting a 3.5-month low early on. For the week prices were down $3.90. August feeder cattle futures lost $1.55 to $354.60, near mid-range and for the week down $5.775. The cattle futures markets saw a pause amid mild technical selling pressure today, with technically bearish weekly low closes setting the stage for follow-through chart-based price pressure early next week.
Hogs: August lean hog futures rose $0.85 to $99.00, nearer the daily high and for the week up 25 cents.The lean hog futures market posted a decent rebound today after price pressure on Thursday.