Corn: March corn futures rose 2 3/4 cents to $4.28 1/2, nearer the session high. The corn futures market saw some short covering today.
Soybeans: March soybeans rose 5 1/2 cents to $10.65 3/4, near mid-range. March soybean meal fell $2.60 to $291.90, near the daily low. March soybean oil gained 129 points to 54.49 cents, nearer the session high. The soybean and bean oil markets saw some short covering today.
Wheat: March SRW rose 1 cent to $5.28 3/4, near the session high. March HRW lost 1/2 cent to $5.34 3/4, near mid-range. March spring wheat futures fell 3 1/4 cents to $5.68 1/4. The winter wheat futures markets today saw mild selling pressure early on and then some short covering in late trading.
Cotton: March cotton fell 36 points to 62.31 cents, nearer the session low and set a contract low. The cotton futures market saw more technical selling pressure today.
Cattle: April live cattle rose $2.10 to $241.625, near the session high and hit a three-month high. March feeder cattle gained $1.575 to $367.925, near the daily high and closed at a three-month-high close. The live and feeder cattle futures markets saw decent follow-through buying today, amid last week’s surge in cash cattle prices and firmly bullish technical postures.
Hogs: April lean hog futures rose $1.525 to $98.15, near the session high and hit a contract high. Lean hog futures today saw more technical buying amid a price uptrend in place on the daily bar chart.