Corn: May corn rose 4 1/4 cents to $4.64 1/2, which was a two-week high close. Corn futures were saddled by technical resistance, a firmer U.S. dollar and general uncertainty across the broader marketplace as trade tensions intensified to begin the week.
Soybeans: May soybeans climbed 6 cents to $9.83 and closed near mid-range. May meal rallied $5.30 to $288.40 and near session highs. May bean oil slid 69 points to 45.15 cents. Soybean futures posted modest gains today, led higher by the meal market today as trade remains volatile given the trade outlook.
Wheat: May SRW wheat rose 7 1/2 cents to $5.36 1/2, near mid-range. May HRW wheat gained 1 3/4 cents to $5.59 1/4, nearer the daily low. May spring wheat futures climbed 9 1/2 cents to $5.94. The wheat futures markets shrugged off keen risk aversion in the general marketplace today and focused more on the extreme weather patterns in U.S. wheat country that threaten to nip production potential.
Cotton: May cotton rallied 263 points to 65.99 cents, closing near the session high. Cotton futures faced strong corrective buying to start the week, despite general risk-off sentiments across the marketplace as trade tensions continue to heat up.
Cattle: June live cattle fell $4.025 to $194.175, nearer the session low and hit a four-week low. May feeder cattle lost $3.60 to $271.275, near mid-range and hit a four-week low. The cattle futures markets were hit hard again today by risk-off trading attitudes as the major U.S. stock indexes flirt with bear-market territory, which is down 20% from their 52-week highs.
Hogs: June lean hog futures closed $1.50 lower to $90.05 and near mid-range. Nearby April futures climbed 42.5 cents to $87.80. June lean hog futures forged a fresh for-the-move low as risk-off trading continues to drive the market.