Corn: May corn futures rose 8 cents to $4.60 1/4, near the daily high. The corn futures market today saw technical buying featured as prices are trending higher on the daily bar chart.
Soybeans: May soybeans rose 12 1/4 cents to $12.14, near mid-range and closed at a two-year high close. May soybean meal rose 90 cents to $315.40, nearer the daily high. May soybean oil gained 154 points to 67.16, nearer the daily low and closed at a contract high close. The soybean and bean oil futures saw solid technical buying interest today, while meal was squelched by spreaders continuing to buy bean oil and sell meal futures.
Wheat: May SRW rose 3 3/4 cents to $5.94 3/4, near mid-range. May HRW gained 4 3/4 cents to $6.13 1/2, near mid-range. May spring wheat futures rose 3 cents to $6.38.The winter wheat futures market saw some tepid short covering today.
Cotton: May cotton futures fell 13 points to 65.17 cents, near the session low after hitting a two-week high early on. The cotton futures market today saw mild corrective selling after gains for three straight sessions
Cattle: April live cattle fell $2.225 to $230.15, nearer the daily low. March feeder cattle lost $4.625 to $348.725, near the daily low and closed at a 2.5-month low close. The cattle futures markets today saw technical selling pressure.
Hogs: April lean hog futures fell 87 1/2 cents to $95.20, near the daily low and closed at a two-week low close. Lean hog futures today saw more profit-taking pressure and weak long liquidation as the near-term technical posture of the market is deteriorating.
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