Corn: May corn futures rose 4 1/2 cents to $4.69, nearer the session high and hit a three-week high. The corn futures market continues to impress with its resilience amid keener risk aversion in the general marketplace.
Soybeans: May soybeans rose 9 3/4 cents to $9.92 3/4, marking a near mid-range close, while May meal rose $2.60 to $291.00, ending the session above the 10-day moving average. May soyoil fell 21 points to 44.94 cents. Soybeans extended short-covering gains, with meal and soyoil also chiming in, though technical resistance curbed an extended upside move.
Wheat: May SRW futures climbed 3 1/2 cents to $5.40. May HRW futures rose 2 1/4 to $5.61 1/2 and near mid-range. Wheat futures saw modest strength today though technical headwinds continue to limit the upside.
Cotton: May cotton fell 44 points to 65.55 cents but ended near the session high. Cotton futures retreated a bit, after forging strong corrective gains on Monday, as technical resistance curbed extended short-covering interest as uncertainty continues to ring across the marketplace.
Cattle: June live cattle futures fell 55 cents to $193.625 and settled near session lows. Nearby April futures inched 17.5 cents higher to $199.10. May feeder cattle climbed 45 cents to $271.725. Cattle futures continue to see spillover volatility, opening higher but seeing resurgent, sustained selling pressure later in the session.
Hogs: June lean hogs fell 27 1/2 cents to $89.775, nearer the daily low. Lean hog futures saw buying interest limited by bearish charts that continue to bring speculative sellers into the market.