Corn: December corn rose 6 cents to $5.33 3/4, near the daily high. The corn futures market saw fresh technical buying from the shorter-term speculators today. Gains in the soybean and meal futures markets spilled over into some better buying interest in corn futures.
Soybeans: November soybeans rose 22 3/4 cents to $13.32 1/4, near the daily high and hit a contract and 2.5-year high. December soybean meal rose $5.50 to $356.90, near the daily high. December soybean oil gained 135 points to 71.92 cents, near the daily high. The soybean complex today saw fresh speculator and chart-based buying amid fresh demand news from China. USDA this morning reported daily sales of 272,000 MT of soybeans to China and 206,500 MT of soybeans to unknown destinations during 2026-27.
Wheat: December SRW rose 12 1/2 cents to $7.41 1/4, near the daily high and hit a two-week low early on. December HRW gained 12 1/2 cents to $8.18 3/4, near the daily high. December spring wheat futures rose 14 1/2 cents to $7.62 1/2, near the daily high. The winter wheat futures markets saw some fresh technical buying today and were also supported by solid gains in soybeans and a rally in corn futures.
Cotton: December cotton futures rose 94 points to 88.22 cents, nearer the daily high. Cotton futures saw more perceived bargain hunting today. Strong gains in crude oil prices also supported cotton futures.
Cattle: October live cattle rose $1.975 to $217.825, near the daily high and hit a three-week high. November feeder cattle rose $1.425 to $322.775, nearer the daily high and hit a four-week high. The live cattle futures market today saw some fresh chart-based buying, some short covering and some perceived bargain hunting. October live cattle futures continue to trade at what is now a slight discount to the cash cattle market, which is also mildly supportive for futures.
Hogs: October lean hog futures rose $0.075 to $83.15, near mid-range. The lean hog futures market paused today. There are still near-term technical clues that lean hog futures have put in a price bottom.