Corn: December corn futures rose 6 1/4 cents at $3.92 3/4 and nearer the session high. Short covering was featured in the corn futures market today after December futures hit a contract low Monday.
Soybeans: November soybeans rose 5 3/4 cents to $9.86 1/2 and nearer the daily high. September soybean meal closed up $5.20 at $317.30, nearer the session high and hit a more-than-two-week high. September soybean oil fell 55 points at 41.15 cents and near the session low. The soybean and soybean meal futures markets today saw short covering following recent selling pressure.
Wheat: December SRW futures rallied 10 1/2 cents to $5.35 1/2 and settled nearer session highs. December HRW futures climbed 9 1/2 cents to $5.46 3/4 and closed nearer session highs. December HRS futures gained 9 1/2 cents to $5.46 3/4. Wheat futures surged alongside corn today, marking the first higher close in the last five trading sessions.
Cotton: December cotton futures sunk 28 points to 69.98 cents and settled near mid-range. Cotton futures fell for the second consecutive session as bulls struggle to break the downtrend stemming from the early April highs.
Cattle: October live cattle futures surged $2.425 higher to $179.40 and settled near session highs. September feeder cattle futures climbed 57.5 cents to $241.925 and settled near mid-range. Cattle futures surged in a bullish technical breakout, negating the downtrend from the July highs.
Hogs: October lean hogs rose $1.675 to $82.075, nearer the session high and hit a nearly three-month high. Technical buying was featured in lean hog futures today as the near-term chart posture has turned firmly bullish.