Corn: July corn futures lost 1 3/4 cents to $4.13 3/4, nearer the daily low. The corn futures market today saw early gains evaporate as the trading session progressed.
Soybeans: July soybeans rose 10 3/4 cents to $11.30, nearer the daily high and hit a two-week high. July soybean meal rose $2.80 to $304.80, near the daily high after hitting a four-month low overnight. July soybean oil fell 145 points to 72.92 cents, nearer the daily low and closed at a five-week low close. The soybean and meal markets saw short-covering and perceived bargain buying today amid unconfirmed rumors the Chinese are looking to book more U.S. soybeans.
Wheat: July SRW rose 6 1/4 cents to $5.96, nearer the daily high and hit a two-week high. July HRW lost 6 1/4 cents to $6.33 3/4, nearer the daily low. September spring wheat futures rose 4 3/4 cents to $6.35. The winter wheat futures markets took different price directions today, with spreaders featured buying SRW and selling HRW in the nearbys.
Cotton: July cotton futures rose 158 points to 75.01 cents, near the daily high. Cotton futures saw a solid corrective bounce today. Short covering and perceived bargain hunting were featured.
Cattle: August live cattle rose $5.95 to $249.20, near the daily high and hit a four-week high. August feeder cattle gained $5.325 to $366.875, nearer the session high and hit a five-week high. The cattle futures markets saw a strong session of price gains, making it four out of the past five with higher daily closes.
Hogs: August lean hog futures fell $0.725 to $95.05, near the daily low. The lean hog futures market today saw more chart-based selling as the near-term technicals remain firmly bearish amid a price downtrend in place on the daily bar chart.