Corn: March corn futures rose 3 1/4 cents to $4.47, nearer the daily high. The corn futures market saw more short covering and perceived bargain hunting today.
Soybeans: January soybeans rose 4 cents to $10.53 1/4, nearer the daily high. January soybean meal rose $1.00 to $298.30, nearer the session low and hit a seven-week low early on. January soybean oil rose 65 points to 48.55 cents, nearer the session high. The soybean complex futures today saw some short covering following recent downside price pressure.
Wheat: March SRW rose 5 3/4 cents to $5.15 1/2, nearer the daily high. March HRW rose 6 cents to $5.21 1/4, nearer the session high. March spring wheat futures rose 2 cents to $5.80, nearer the daily high. The winter wheat futures markets today saw short covering and perceived bargain hunting.
Cotton: March cotton fell 14 points to 63.61 cents, nearer the daily low. Cotton futures mostly paused today. Technicals remain firmly bearish, including a price downtrend in place on the daily bar chart.
Cattle: February live cattle rose 62 1/2 cents to $231.425, near mid-range and hit a two-month high. January feeder cattle rose 90 cents to $346.50, nearer the daily low and hit a two-month high early on. The live and feeder cattle futures markets today saw more chart-based buying from the technically oriented speculators as the charts remain bullish.
Hogs: Lean hog futures rose 85 cents to $85.35, near the session high and hit a two-month high. Lean hog futures today saw technical buying from the speculative traders.