Corn: December corn futures fell 5 cents to $4.70, ending near session lows. Corn futures slipped on the session despite an overwhelming “risk-on” attitude in the marketplace.
Soybeans: January soybeans rose 13 1/4 cents to $13.28 1/4, marking the highest close since Oct. 19. December meal fell $4.10 to $426.30, the lowest close since Oct. 23. December soyoil closed 42 cents higher at 50.32 cents after marking a five-month low early on. Soybean futures were able to hold onto gains today despite extended meal weakness.
Wheat: December SRW wheat rose 3 3/4 cents to $5.65 1/2 and nearer the session high. December HRW wheat gained 1 1/2 cents at $6.41 1/2 and nearer the session low. December spring wheat futures closed 1 3/4 cents higher at $7.10 3/4. The winter wheat futures markets today saw mild short-covering bounces, with buying interest also supported by a drop in the U.S. dollar index and a rally in crude oil prices.
Cotton: December cotton rose 36 cents to 79.80 cents, a low-range close after marking an intraday high of 80.82 cents. December cotton futures marked mild gains despite notable support from solid U.S. export sales data combined with strong outside markets.
Cattle: December live cattle rose $1.05 to $184.675 and nearer the session high. January feeder cattle leapt $4.15 to $242.175 and near the session high. The cattle futures markets today saw technical buying featured as the chart postures for both live cattle and feeder cattle improved today.
Hogs: Hog futures surged Thursday, with nearby December leading the way higher with a $3.125 advance to $73.275. Hog traders have apparently been rethinking their short-term outlook lately, as indicated by the sharp rebound from the market’s October 20 lows.