Corn: December corn futures rose 2 1/4 cents to $4.22 and near the session high. The corn futures market today saw modest short covering amid more chart consolidation.
Soybeans: November soybeans rose 7 1/2 cents to $10.29 1/2, nearer the session high and hit a three-week high. December soybean meal gained $1.10 to $278.00, nearer the session high. December soybean oil rose 44 points to 51.48 cents, near the daily low and hit a three-week high. The soybean complex saw short covering and some perceived bargain buying from the speculators today.
Wheat: December SRW wheat rose 1/2 cent to $5.07 1/4. December HRW gained 1 1/4 cents to $4.93 1/4. Both markets closed near their daily highs. December spring wheat futures rose 3 1/2 cents to $5.55 1/2. The winter wheat futures markets continue to struggle amid fully bearish charts and speculators still willing to push the short side of the markets.
Cotton: December cotton rose 45 points to 64.91 cents, near the daily high and hit a contract low early on. The cotton futures market today saw short covering in a bear market.
Cattle: December live cattle rose $1.15 to $238.875, nearer the session high and hit a three-week high. November feeder cattle rose $4.675 to $368.825, nearer the daily high and hit a contract and record high today. The feeder cattle futures market led gains in the cattle futures today, as the bulls have once again shown incredible resilience after the bulls were left for dead in mid-September.
Hogs: December lean hogs fell 7 1/2 cents to $86.10, near mid-range and hit a six-week-low early on. The lean hog futures market paused today, amid support from a rally in the cattle futures markets.