Corn: December corn futures rose 2 cents to $4.34, near the daily high. The corn futures market today paused early on, following recent stronger gains, but then the bulls stepped in later in the session to do some better buying.
Soybeans: January soybeans fell 3/4 cent to $10.94 1/2, nearer the session high. December soybean meal rose $2.20 to $308.70, near mid-range and hit a 4.5-month high. December soybean oil fell 10 points to 50.16 cents, nearer the daily high and hit a four-week low early on. The soybean market today saw a normal pause from recent strong gains, as the bulls caught their breath.
Wheat: December SRW rose 3 1/4 cents to $5.32 1/4, near the daily high and closed at a two-month high close. December HRW gained 2 3/4 cents to $5.22 3/4, near mid-range and closed at a six-week high close. December spring wheat futures fell 1 1/4 cents to $5.60 1/2, nearer the daily low. The winter wheat futures markets saw more technical buying featured today following recent good gains.
Cotton: December cotton rose 96 points to 66.01 cents, nearer the daily high and hit a four-week high. December cotton futures today saw more short covering and perceived bargain hunting.
Cattle: December live cattle rose $4.325 to $230.90 and near mid-range. January feeder cattle gained $9.15 to $334.025 and nearer the daily high. The live cattle futures markets today saw strong corrective rebounds after the recent steep price downdrafts.
Hogs: December lean hogs fell 5 cents to $80.775, near the daily low and closed at a three-month low close. The lean hog futures market bulls worked to stabilize prices today following the recent selling pressure that saw lower closes in December futures for five sessions in a row.