Corn: March corn futures rose 1/4 cent to $4.58, nearer the daily high. The corn futures market today saw some chart consolidation.
Soybeans: March soybeans fell 1/2 cent to $9.97 1/4, ending just shy of the intraday high. March meal futures slid $3.80 to $303.50, marking a mid-range close after edging to a two-week low early on. March soyoil rallied 92 points to 41.25 cents, notching a close above the 20-day moving average for the first time since Dec. 13. Soybeans edged modestly lower with pressure stemming from extended selling in soymeal futures, though a solid rise in soyoil, outside recent sideways consolidation, assisted in a close well off the intraday low.
Wheat: March SRW futures climbed 2 cents to $5.42 1/2 and closed nearer session highs. March HRW futures rallied 2 1/2 cents to $5.55 3/4, near mid-range. March HRS futures rose 2 1/2 cents to $5.94 3/4. Wheat futures saw modest strength after a disappointing overnight session, though prices continue to trend lower on the daily bar chart.
Cotton: March cotton fell 17 points to 68.51 cents, closing near the session low. March cotton futures made a run at the 20-day moving average though short-covering efforts were thwarted by returned strength in the U.S. dollar and a push into overbought territory.
Cattle: February live cattle futures rallied 50 cents to $195.575 though closed well off session highs. January feeder cattle futures surged $2.10 to $268.40. Cattle futures worked to a fresh high as cash fundamentals continue to drive the market higher.
Hogs: February lean hogs fell 47 1/2 cents to $79.175, nearer the session low and hit a three-month low. Technical selling was featured today amid a deteriorating chart posture for February lean hog futures.