Corn: March corn futures rose 2 1/4 cents to $4.22 and near mid-range. The corn futures market saw tepid short covering today after hitting a five-month low on Tuesday. Higher crude oil prices that today hit a 3.5-month high also supported some buying interest in corn.
Soybeans: March soybeans rose 3 3/4 cents to $10.42 1/2, near mid-range. March soybean meal rose 30 cents to $291.90, nearer the daily low. March soybean oil lost 22 points to 50.98 cents, nearer the daily low after hitting a four-week high early on. The soybean and meal futures markets saw some mild short covering today and got a little support from USDA reporting daily sales of 334,000 MT of U.S. soybeans to China during 2025-26.
Wheat: March SRW rose 2 cents to $5.12 1/2 and nearer the session high. March HRW gained 2 3/4 cents to $5.22 1/4 and nearer the session high. March spring wheat futures rose 1/2 a cent to $5.67, nearer the daily high. The HRW futures markets saw tepid short covering today.
Cotton: March cotton rose 11 points to 64.99 cents, near mid-range. The cotton futures market has paused the past couple of days. Higher crude oil prices that today hit a 3.5-month high limited selling interest in cotton, as did a slightly weaker U.S. dollar index.
Cattle: February live cattle fell $2.10 to $235.15, near the session low. March feeder cattle lost $2.425 to $359.70, nearer the session low after hitting a 2.5-month high early on. The live and feeder cattle futures markets today saw routine profit-taking pressure after both hit 2.5-month highs on Tuesday.
Hogs: February lean hog futures rose $1.075 to $85.70, nearer the session high. Lean hog futures today saw the bulls step in to do some perceived bargain hunting following this week’s dip.