Corn: March corn rose 2 cents to $4.95 1/4, near the session high. A rally in wheat ultimately pulled corn futures from session lows today, even as the U.S. dollar rebounded modestly from notable selling in the past three sessions.
Soybeans: March soybean futures closed 3 1/2 cents higher to $10.60 1/2. March meal futures settled $1.90 lower to $306.40. March bean oil climbed 31 points to 45.40 cents. Soybean futures saw action on either side of unchanged before settling modestly higher on the day.
Wheat: March SRW wheat rose 15 1/2 cents to $5.87 3/4, near the daily high and hit a three-month high. March HRW wheat rose 15 3/4 cents to $6.07 1/2, nearer the daily high and hit a 3.5-month high. March spring wheat futures closed 10 cents higher to $6.28 1/2. The winter wheat futures markets saw perceived bargain hunting and chart-based buying featured today as the near-term technical postures for SRW and HRW have markedly improved.
Cotton: March cotton futures closed a tick lower to 66.03 cents and near mid-range. Cotton futures traded on either side of unchanged today before settling near unchanged as prices traded in the tightest range in a week.
Cattle: April live cattle fell $4.525 to $196.775, nearer the session low and hit a four-week low. March feeder cattle fell $5.425 to $265.30, nearer the session low and hit a four-week low. The live and feeder cattle futures markets saw more heavy profit-taking pressure and weak long liquidation from the speculators today as the near-term chart postures for both have significantly deteriorated this week.
Hogs: Hog futures traded generally higher Thursday. Expiring February futures settled unchanged at $86.65, while most-active April gained 20 cents to $91.75. The hog and pork complex remained seasonally strong Thursday.