Corn: December corn futures rose 1 1/2 cents to $4.25 3/4, near mid-range. The corn futures market saw early price strength on some technical buying and good weekly export sales.
Soybeans: November soybeans rose 3 1/4 cents to $10.12 1/4, near mid-range. December soybean meal fell $2.90 to $273.20, nearer the daily low and closed at a contract low close. December soybean oil rose 43 points to 50.27 cents, near the daily high. The soybean market could not hold its early gains today and saw some selling pressure emerge following a stronger U.S. GDP report that pushed the U.S. dollar index sharply up.
Wheat: December SRW wheat rose 7 1/2 cents to $5.27, near the session high. December HRW gained 5 1/2 cents to $5.12 1/4, near the daily high. Spring wheat futures climbed 5 1/4 cents to $5.73. The winter wheat futures markets saw more short covering today as the bulls brushed aside the grains-negative outside-market that saw the U.S. dollar index post solid gains.
Cotton: December cotton rose 11 points to 66.28 cents, nearer the daily low and closed at a nearly three-week low close. The cotton market bulls were somewhat squelched today by strong gains in the U.S. dollar index, following a better-than-expected U.S. GDP report.
Cattle: October live cattle fell $2.00 to $232.05, nearer the daily low. November feeder cattle lost $5.575 to $352.225, near mid-range. The live and feeder cattle markets today succumbed to more profit-taking pressure and weak long liquidation as the cattle and fresh beef markets are deteriorating a bit.
Hogs: October lean hogs rose 67 1/2 cents to $100.10, near mid-range and hit a contract high. The lean hog futures bulls got right back in the saddle today after a bout of profit taking Wednesday.