Corn: December corn rose 1 1/4 cents to $4.27 1/2, closing near the intraday high. Corn futures notched a fresh for the move high in late overnight trade but spent much of the day session waffling around unchanged.
Soybeans: January soybean futures surged 22 1/2 cents to $10.26 1/4 and closed on session highs. December meal futures settled 10 cents higher to $298.50, near mid-range. December bean oil futures rocketed 198 points higher to 48.32 cents. Soybean futures saw relative strength today, surging higher alongside strength in the soyoil market.
Wheat: December SRW wheat fell 1 3/4 cents to $5.71 1/2 and near mid-range. December HRW wheat fell 5 cents to $5.69, nearer the session low. December spring wheat futures fell 3 cents to $6.02 1/2. The winter wheat futures markets today saw more sideways and choppy trading conditions, which have been in place the past two weeks.
Cotton: December cotton futures surged 136 points to 71.05 cents and settled near session highs. Cotton futures surged higher today, supported by heightened export sales reported this morning.
Cattle: December live cattle rose 42 1/2 cents to $185.825, near mid-range. November feeder cattle fell 5 cents to $247.65 and near mid-range. The live and feeder cattle futures markets saw consolidative trade today.
Hogs: Nearby December lean hog futures ended Thursday having slipped 92.5 cents to $81.20 Thursday, whereas the deferred contracts posted modest gains. The cash hog and wholesale pork markets sent mixed signals Thursday morning, which probably explains the December hog contract’s setback.