Corn: December corn rose 9 cents to $4.69 1/2, near the daily high and hit a six-week high. The corn futures market today saw fresh technical buying from the speculators as a price uptrend remains in place on the daily bar chart.
Soybeans: November soybeans rose 10 3/4 cents to $12.01 3/4, near the daily high. September soybean meal rose $2.60 to $317.60, nearer the daily high. September soybean oil rose 52 points to 72.18 cents, nearer the daily high. The soybean market saw spillover buying support today from strong gains in wheat and solid gains in corn.
Wheat: September SRW rose 32 1/2 cents to $6.77 1/2, nearer the daily high and hit a two-month high. September HRW rose 42 cents to $7.20, near the daily high and hit a two-month high. September spring wheat rose 25 1/4 cents to $6.83 3/4. The winter wheat futures markets saw strong buying interest as Ukrainian forces hit multiple Russian vessels in the Black Sea Wednesday as Kyiv expands the scope of its naval attacks against Moscow.
Cotton: December cotton futures rose 68 points to 81.55 cents, nearer the daily high. Cotton futures today saw more technical buying amid a price uptrend that remains in place on the daily bar chart.
Cattle: August live cattle fell $1.30 to $230.125, nearer the daily low and hit a nearly four-month low. August feeder cattle gained $1.15 to $349.95, nearer the daily high and hit a five-week low early on. The live cattle futures market today saw more technical selling pressure amid price downtrends firmly in place on the daily bar charts for both markets.
Hogs: August lean hog futures rose $1.875 to $100.325, nearer the daily high and hit a six-week high. The lean hog futures market saw solid technical buying from the speculators today as a price uptrend remains in place on the daily bar chart.