Corn: May corn futures rose 9 1/4 cents to $4.63 1/4, near the daily high. The corn futures market today saw renewed technical buying as the near-term technical posture favors the bulls.
Soybeans: May soybeans rose 4 3/4 cents to $11.61 3/4, near the daily high. May soybean meal gained $10.00 to $321.70, near the daily high. May soybean oil fell 44 points to 65.53, nearer the daily low. The soybean complex futures today saw bounces from losses suffered earlier this week, with meal leading the way
Wheat: May SRW rose 14 1/2 cents to $6.04 1/4, nearer the daily high. May HRW gained 19 1/4 cents to $6.26, nearer the daily high. May spring wheat futures rose 13 cents to $6.37 1/4. The winter wheat futures market saw short covering, bargain hunting and technical buying today, following losses seen earlier this week.
Cotton: May cotton futures fell 7 points to 68.70 cents, near mid-range. The cotton futures market today paused following this week’s strong gains. Higher crude oil prices today did limit selling interest in cotton.
Cattle: April live cattle rose $0.175 to $235.40, near the session high. March feeder cattle lost $1.075 to $358.725, near the session high. The cattle futures markets today saw a pause after good gains seen earlier this week.
Hogs: April lean hog futures rose $0.025 to $93.75, near mid-range. Lean hog futures this week are pausing as bulls work to stabilize the market after recent selling pressure.
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