Corn: July corn rose 3 3/4 cents to $4.71 1/4, nearer the daily high and for the week down 9 cents. Corn futures saw short covering and perceived bargain hunting today, following three sessions in a row of losses.
Soybeans: July soybeans rose 15 3/4 cents to $12.08, nearer the daily high and for the week up 4 3/4 cents. July soybean meal rose $0.80 to $319.70, nearer the daily high and for the week up 40 cents. July bean oil gained 17 points to 74.32 cents, nearer the daily high and for the week down 84 points. The soybean market saw bulls step in to buy the dip and do some perceived bargain buying today.
Wheat: July SRW wheat rose 6 3/4 cents to $6.19, nearer the daily high and the week down 18 3/4 cents. July HRW wheat gained 8 1/2 cents to $6.75 3/4, nearer the daily high and for the week down 18 3/4 cents. July spring wheat futures rose 4 3/4 cents to $6.78 1/2 and for the week were down 25 1/2 cents. The winter wheat futures markets saw corrective buying and perceived bargain hunting today.
Cotton: July cotton futures rose 173 points to 84.73 cents, near the session high and for the week up 54 points. The cotton futures market saw a choppy trading week at higher price levels. There are still no strong, early technical clues to suggest the price uptrend will end any time soon.
Cattle: June live cattle futures fell $1.15 to $248.90, near the daily low. For the week, June cattle were down $4.10. May feeder cattle futures rose $1.05 to $367.375, near mid-range for the week down $4.025. June live cattle futures saw a technically bearish weekly low close today as the bulls are fading, technically.
Hogs: June lean hog futures fell $0.75 to $98.625, near the session low and hit a five-month low. For the week, June hogs were down $2.65. The lean hog futures market bears are in firm technical control and gained more strength by producing a bearish weekly low close today in the June contract.