Corn: December corn rose 8 1/2 cents to $4.72 1/2, near the daily high and hit a three-week low early on. The corn futures market saw a solid corrective bounce with some perceived bargain hunting featured following recent losses.
Soybeans: November soybeans rose 4 3/4 cents to $11.92 1/4, nearer the daily high and hit a three-week low early on. September soybean meal gained $0.50 to $315.40, nearer the daily high after hitting a three-week low early on. September soybean oil rose 153 points to 68.79 cents, near the daily high and hit a four-week low early on. The soybean complex futures markets today saw short covering and perceived bargain buying from the specs. The complex saw support from additional export demand from China. USDA this morning reported daily sales of 488,000 MT of U.S. soybeans to China and 136,150 MT to unknown destinations during 2026-27.
Wheat: September SRW rose 11 3/4 cents to $6.51, near the daily high after hitting a three-week low early on. September HRW rose 9 3/4 cents to $7.17 1/4, nearer the daily high after hitting a three-week low early on. September spring wheat futures rose 5 1/4 cents, nearer the daily high. The winter wheat futures markets saw corrective bounces in prices today. There are still concerns about grain getting shipped out of the Black Sea region, which is keeping a floor under prices at present.
Cotton: December cotton futures rose 78 points to 82.57 cents, near the daily high and closed at a nine-week high close today. Cotton futures today saw technical buying amid a price uptrend in place on the daily bar chart. Gains in the grain futures markets and the U.S. stock indexes today were also supportive outside markets for the natural fiber.
Cattle: October live cattle fell $0.525 to $226.725, nearer the daily low and hit a three-week high early on. September feeder cattle lost $1.225 to $342.55, nearer the daily low but hit a two-week high early on. The cattle futures markets today saw mild corrective buying and perceived bargain hunting early on, but lost those gains by the close. Still, for October live cattle and September feeders, technical odds have improved that near-term market bottoms are in place.
Hogs: October lean hog futures fell $1.175 to $83.675, nearer the daily low. The lean hog futures market saw more profit-taking pressure and weak long liquidation today. The cash hog market rally is also stalling out.