Take part in our Annual Land Survey and we’ll share the results with you in our Annual Land Report. Take survey.
Corn: March corn futures rose 3/4 of a cent to $4.30 3/4, near mid-range and hit a three-week high. The corn futures market saw a pause today after decent gains Wednesday.
Soybeans: March soybeans fell 2 3/4 cents to $10.72 1/4, nearer the session low after hitting a six-week high early on. March soybean meal lost $1.80 to $296.00, near the daily low. March soybean oil fell 28 points to 54.03 cents, nearer the daily low. The soybean complex futures saw mild downside price corrections today after soybeans and bean oil hit multi-week highs overnight and Wednesday, respectively.
Wheat: March SRW rose 5 1/2 cents to $5.41 1/2, nearer the daily high and hit a seven-week high. March HRW rose 4 3/4 cents to $5.47, nearer the daily high and hit a nine-week high. March spring wheat futures rose 7 1/2 cents to $5.81 1/2, at the daily high and hit a three-week high. The winter wheat futures markets today saw follow-through buying strength from Wednesday’s good gains.
Cotton: March cotton fell 25 points to 63.48 cents, near mid-range. The cotton futures market saw mild technical selling today as the technical posture remains firmly bearish.
Cattle: April live cattle fell $1.45 to $237.275, near the session low and hit a three-month high early on. March feeder cattle lost 72 1/2 cents to $365.125, near the daily low and hit a three-month high early on. The live and feeder cattle futures markets saw some mild technical buying from the chart-based speculators early on today.
Hogs: April lean hog futures rose 30 cents to $95.45, near mid-range. Lean hog futures today saw the bulls step in to mildly buy Wednesday’s dip as the bulls have regained their footing late this week.