Corn: March corn rose 3 1/4 cents to $4.93 1/2, a one-week high close. Corn futures eked out gains as the session progressed as decided strength transpired across the ag complex amid support from a fading U.S. dollar.
Soybeans: March soybean futures closed 2 1/4 cents higher to $10.30, nearer session highs March meal futures fell $1.40 to $292.70, nearer session lows. March bean oil rallied 59 points to 46.25 cents. Soybean futures saw action on either side of unchanged before closing modestly higher on the day.
Wheat: March SRW wheat rose 3 1/2 cents to $5.77 3/4 and near mid-range. March HRW wheat rose 6 3/4 cents to $5.98 1/4, nearer the daily high. March spring wheat futures climbed 2 cents to $6.16 3/4. The wheat futures markets today saw buying support from technical traders as the near-term charts lean friendly.
Cotton: March cotton futures closed 64 points lower to 66.83 cents and settled near session lows. Cotton futures saw resurgent selling pressure today despite markedly improving export demand.
Cattle: April live cattle rose 80 cents to $196.525 and near mid-range. March feeder cattle rose $3.00 to $267.975 and near the session high. The cattle futures markets saw some corrective buying and short covering from the speculators today, following recent price pressure.
Hogs: Long liquidation likely undercut hog futures Thursday, with the expiring February contract slipping 7.5 cents to $89.375. Most active April futures fell $1.225 to $93.10. The cash hog and wholesale pork market have continued their seasonal climb.