Corn: May corn futures rose 2 cents to $4.57 3/4, nearer the daily high after hitting a two-week low early on. The corn futures market today got some price-friendly USDA data.
Soybeans:May soybeans rose 11 1/4 cents to $11.71, nearer the daily high. May soybean meal gained $1.50 to $316.40, nearer the daily high. May soybean oil rose 41 points to 68.88 cents, nearer the daily high. Soybean futures today saw a bullish USDA planting intentions number.
Wheat: May SRW rose 9 1/4 cents to $6.16 1/4, nearer the session high and hit a three-week high. May HRW gained 9 1/4 cents to $6.35 1/2, nearer the session high, hit a 12-month high and closed at a technically bullish monthly and quarterly high close today. March spring wheat futures rose 6 1/2 cents to $6.58 1/2. The winter wheat futures markets saw a bullish U.S. planted acreage estimate from USDA.
Cotton: May cotton futures fell 19 points to 70.00 cents, near the session low and hit an eight-month high early on. The cotton futures market bulls were out of the gate strong early this morning, but a bearish USDA planting intentions number halted the bulls in their tracks.
Cattle: June live cattle rose $3.075 to $243.275, near the daily high and hit another 5.5-month high. May feeder cattle gained $5.15 to $366.475, near the daily high and hit a 5.5-month high. The cattle futures markets saw more chart-based buying from the speculators featured today. June live cattle and May feeders closed at technically bullish monthly and quarterly high closes today.
Hogs: June lean hog futures fell $0.825 to $105.05, near the session low. The lean hog futures market saw weak long liquidation and fresh technical selling today.