Corn: December corn futures rose 5 1/4 cents to $4.21 3/4, near the session high. Just when the corn market bulls looked like they had one foot in the grave early Wednesday, they are showing signs of life late this week.
Soybeans: November soybeans rose 10 3/4 cents to $10.23 3/4, near the daily high and hit a nearly two-week high. December soybean meal rose $5.70 to $279.30, near the daily high. December soybean oil rose 2 points to 50.44 cents, near mid-range. Soybean and meal futures saw good short covering today, as well as follow-through buying interest after beans rallied late Wednesday on an upbeat social media post on U.S. soybeans from President Trump.
Wheat: December SRW wheat rose 5 1/2 cents to $5.14 3/4, nearer the daily high. December HRW gained 3 1/2 cents to $4.99, nearer the daily high. Spring wheat futures gained 3 1/2 cents to $5.60 1/2. The winter wheat futures markets saw short covering today after hitting contract lows Wednesday. Gains in corn and soybean futures today also helped to lift the winter wheat futures.
Cotton: December cotton fell 50 points to 65.09 cents, near the daily low and closed at a six-month low close. The cotton market saw more technical selling today as the near-term technical posture for cotton is firmly bearish.
Cattle: December live cattle fell $1.00 to $233.50, near mid-range. November feeder cattle lost $4.85 to $352.75 and near the daily low. The live and feeder cattle futures markets today saw more profit-taking pressure and weak long liquidation from the shorter-term traders. Big drops in boxed beef prices at noon today also pressured futures.
Hogs: December lean hogs fell 22 1/2 cents to $86.675 but closed near the session high after hitting a five-week low early on. More profit-taking pressure from the shorter-term speculative traders was featured in lean hog futures today.