Corn: July corn futures rose 2 3/4 cents to $4.60 1/4, nearer the daily high. The corn futures market was again pulled higher by rallying winter wheat futures markets.
Soybeans: July soybeans fell 1 1/4 cents to $11.81 3/4, near mid-range. July soybean meal fell $6.00 to $321.20, nearer the daily low. July soybean oil rose 139 points to 69.30 cents, near the daily high. The soybean market has been pausing recently, with selling interest limited by rallying wheat prices but buying interest limited as the meal market is breaking down again.
Wheat: July SRW rose 6 3/4 cents to $6.06, near mid-range. July HRW lost 2 1/2 cents to $6.47 1/2, nearer the daily low. July spring wheat futures rose 2 cents to $6.72 1/4. The SRW wheat futures market saw more technical buying interest amid a weather market that has developed, especially in HRW futures.
Cotton: July cotton futures rose 22 points to 80.04 cents, nearer the daily high and hit another two-year high. The cotton futures market saw more technical buying featured today.
Cattle: June live cattle fell $1.275 to $246.075, nearer the daily low. May feeder cattle fell $4.175 to $361.10, near the daily low. The cattle futures markets saw follow-through selling pressure that intensified late today, after solid losses late last week that did produce some near-term chart damage.
Hogs: June lean hog futures rose $0.675 to $101.725, nearer the session high. The lean hog futures market saw a pause and some tepid short covering today after prices last Friday hit a four-month low.