Corn: March corn rose 4 cents to $4.91 1/2, closing near the session high. Corn futures were able to hold onto gains despite a negative tone across the ag complex, with solid gains in crude oil and delayed safrinha corn plantings propping up prices to begin the week.
Soybeans: March soybean futures closed flat on the day at $10.49 1/2. March meal futures fell 90 cents to $300.50, near mid-range. March bean oil slid 25 points to 45.73 cents, near mid-range. Soybean futures struggled to garner much bullish momentum today despite the strength seen in the corn market.
Wheat: March SRW wheat fell 3 1/4 cents to $5.79 1/2, nearer the daily low. March HRW wheat lost 7 1/2 cents to $5.96 3/4, nearer the daily low. March spring wheat futures settled 2 1/2 cents lower to $6.25 1/4. The winter wheat futures markets today saw corrective price pullbacks from recent gains that pushed prices to multi-week highs last Friday.
Cotton: March cotton rose 91 points to 66.54 cents, closing near the session high. Modest short covering bolstered by crude oil strength was featured in the cotton market to begin the week, though technical resistance and a firmer U.S. dollar kept gains minimal.
Cattle: April live cattle rose $1.35 to $198.125, nearer the session high. March feeder cattle gained $3.225 to $268.125, nearer the session high. The cattle futures markets today saw perceived bargain buying and short covering following recent losses.
Hogs: April lean hog futures fell 52.5 cents to $91.625 and settled near mid-range, while nearby February futures climbed 45 cents to $87.70. Lean hog futures saw action on either side of unchanged before closing mixed on the day.