Corn: December corn futures rose 3 3/4 cents to $4.16 3/4, nearer the daily high. The corn futures market saw decent short-covering buying as well as perceived bargain hunting in later trading today, including from the hedge funds, after prices Tuesday hit a six-week low.
Soybeans: November soybeans closed unchanged at $10.06 1/2, nearer the session low. December soybean meal rose $1.60 to $275.90, nearer the daily high. December soybean oil rose 23 points to 50.80 cents, nearer the session low. The soy complex futures today saw short covering early on after soybeans Tuesday hit a two-week low.
Wheat: December SRW wheat lost 1 1/2 cents to $4.98 3/4, near mid-range. December HRW fell 1/4 cent to $4.88 1/4, nearer the daily high. December spring wheat futures fell 2 1/2 cents to $5.51. The winter wheat futures markets bulls are working to stabilize prices but have some heavy lifting ahead of them.
Cotton: December cotton rose 25 points to 63.76 cents, near mid-range. December cotton futures saw short covering and perceived bargain buying after prices Tuesday hit a contract low.
Cattle: December live cattle rose 27 1/2 cents to $246.775, nearer the daily high. November feeder cattle lost 65 cents at $380.675, nearer the daily high. The live and feeder cattle futures markets saw some routine profit-taking pressure early on today after hitting contract highs on Tuesday.
Hogs: December lean hogs rose 45 cents to $83.60, nearer the daily low. The lean hog futures market saw some short covering today after hitting a seven-week low Tuesday.