Corn: December corn rose 6 cents to $4.36, nearer the daily high and hit another contract low early on. The corn futures market today saw corrective buying following a batch of USDA data that contained no big, bearish surprises and leaned a bit friendly on U.S. stocks.
Soybeans: November soybeans rose 4 3/4 cents to $11.43 3/4, near mid-range after hitting a two-week low early on. September soybean meal rose $0.60 to $301.90, near mid-range after hitting a nine-month low early on. September soybean oil fell 160 points to 66.44 cents, nearer the daily low and hit a nine-week low. The soybean complex today saw short covering following a mostly neutral batch of fresh USDA data.
Wheat: September SRW rose 9 1/2 cents to $5.89 1/4, nearer the daily high and hit a more-than-four-month low early on today. September HRW gained 10 1/2 cents to $6.25 1/4, nearer the daily high and hit a 3.5-month low. September spring wheat rose 5 3/4 cents to $6.06 1/2. The winter wheat futures markets saw short covering and some fresh speculator buying interest following a price-friendly batch of USDA data released today.
Cotton: December cotton futures rose 35 points to 76.80 cents, nearer the daily low. Cotton futures saw another tepid corrective bounce today.
Cattle: August live cattle fell $1.15 to $242.425, nearer the daily low and hit a two-week low. August feeder cattle fell $2.875 to $364.60, nearer the daily low and also hit a two-week low. The cattle futures markets today saw more profit-taking pressure from recent gains, along with some fresh technical selling as price uptrends on the daily bar charts for the August contracts have been negated.
Hogs: August lean hog futures rose $0.925 to $98.20, near mid-range after hitting a three-week high early on. The lean hog futures market today saw short covering and perceived bargain buying from the speculators.