Corn: December corn futures rose 3 3/4 cents to $4.21 3/4, near the daily high. Once again, the corn market bulls stepped in to buy the overnight/early morning dip in prices.
Soybeans: November soybeans rose 6 3/4 cents to $10.33 3/4, near the daily high.
December soybean meal rose $1.60 to $285.60, nearer the daily high. December soybean oil rose 24 points to 51.47 cents, near mid-range and hit a nearly three-month low early on today. The soybean, meal and bean oil futures markets today saw some short covering and perceived bargain hunting after recent selling pressure.
Wheat: December SRW wheat rose 4 1/2 cents to $5.23 3/4, nearer the daily high. December HRW wheat rose 12 cents to $5.17 1/4, near the daily high. December spring wheat futures rose 10 ¾ cents to $5.76 3/4. The winter wheat futures markets today saw short covering following recent selling pressure, with HRW leading the day.
Cotton: December cotton rose 18 points to 66.21 cents, nearer the daily high. The cotton futures market today saw some tepid short covering following recent losses. A weaker U.S. dollar index and firmer crude oil prices today were supportive outside-market elements for the cotton futures market.
Cattle: October live cattle fell 17 1/2 cents to $235.80 and near mid-range. September feeder cattle rose $1.125 to $360.95, near mid-range. The live cattle futures markets saw some buying support early from overall bullish cash cattle and beef market fundamentals.
Hogs: October lean hogs fell 87 1/2 cents to $95.15, near the daily low. The lean hog futures market today saw routine profit-taking pressure after prices Friday hit a nine-week high.