Corn: December corn rose 1 1/4 cents to $4.26, closing near the session high. Corn futures favored the upside through most of the session but remained limited by technical resistance at the 100-day moving average despite surging crude oil futures and corrective gains in wheat.
Soybeans: November soybean futures fell 3 3/4 cents to $10.34, though settled nearer session highs. December meal futures sunk $6.50 to $324.00. December bean oil futures saw relative strength, rallying 60 points to 44.57 cents. Soybean futures continue to undergo relative weakness but managed to close well off intraday lows today.
Wheat: December SRW wheat rose 2 3/4 cents to $5.92 1/2. December HRW wheat gained 5 1/4 cents to $6.03 1/4. Both markets closed nearer their session highs. December spring wheat futures rose 4 cents to $6.42 1/2. The winter wheat futures markets saw some corrective buying to start the trading week, following the losses posted late last week.
Cotton: December cotton rose 26 points to 73.53 cents but closed nearer the session low. Cotton futures extended their recent sideways pattern, with outside market support mixed amid fading equities and U.S. dollar combined with strong crude oil gains.
Cattle: December live cattle rose 2 1/2 cents to $187.025 and near mid-range. October live cattle rose 47 1/2 cents to $187.475 and moved to a premium to the December. November feeder cattle fell 12 1/2 cents to $249.15, near mid-range and hit a nine-week high early on. The live and feeder cattle futures markets paused today amid solid near-term price uptrends and improving cash market fundamentals.
Hogs: December lean hog futures climbed 67.5 cents to $76.825 and settled nearer session highs. Lean hog futures scored a fresh for-the-move high as technical buying pushed futures higher today.