Corn: July corn rose 2 cents to $4.33 1/2, marking a near mid-range close. July corn firmed modestly as spillover strength reeled into the corn market.
Soybeans: July soybeans climbed 3/4 cent to $10.74 3/4 and closed near mid-range. July meal fell 20 cents to $284.9. July bean oil inched 2 points lower to 54.77 cents. The soybean complex saw a quiet day of trade despite strong gains seen in the grain complex.
Wheat: July SRW wheat rose 25 1/4 cents to $5.74 1/4, near the session high and hit a nearly three-month high. July HRW wheat rose 23 1/2 cents to $5.71 1/4, near the daily high and hit a nearly three-month high. Spring wheat futures closed 15 1/2 cents higher at $6.46 1/4. The winter wheat futures markets were supported by technical buying today and from weather in U.S. wheat country that now leans a bit price-friendly.
Cotton: July cotton fell 21 points to 64.84 cents, near mid-range and hit a nine-week low early on. The cotton futures market saw modest technical selling pressure today as a price downtrend on the daily bar chart has been re-established.
Cattle: August live cattle rose $1.025 to $211.675, near the daily high. August feeder cattle rose 82 1/2 cents to $304.175, near the session high after hitting a two-week low early on. The cattle bulls worked to stabilize their markets today, following sharp losses on Tuesday that were mostly due to speculator profit-taking pressure.
Hogs: July lean hog futures closed 52.5 cents higher at $112.175 and near mid-range. Hog futures again made contract highs today but saw additional consolidation as futures remain overbought on the daily bar chart.