Corn: May corn rose 7 cents to $4.69, marking a high-range close. Corn futures extended Wednesday’s gains, edging above the 100-day moving average as crude oil gains helped offset pressure from a firmer U.S. dollar.
Soybeans: May soybeans closed 4 3/4 cents higher to $10.13 and near session highs. May meal settled 60 cents lower at $297.10. May bean oil climbed 35 points to 42.71 cents. Soybean futures saw modest spillover strength from the corn market today, putting an end to the recent string of losses.
Wheat: May SRW wheat fell 6 1/4 cents to $5.57 1/4, nearer the session low. May HRW wheat dropped 8 1/4 cents to $5.86 1/2, nearer the daily low. May spring wheat futures fell 7 cents to $6.04 3/4. The winter wheat futures markets saw more profit-taking pressure from the speculators today, following recent gains.
Cotton: May cotton futures closed points 27 lower to 66.08 cents, nearer session lows. Cotton futures saw modest selling pressure today as prices closed lower for the fourth consecutive session.
Cattle: April live cattle rose $1.65 to $208.475, near the session high and hit a contract high. May feeder cattle gained $1.60 to $289.10, near the daily high and hit another contract high. The live and feeder cattle futures markets saw more technical buying today amid fully bullish charts.
Hogs: Hog futures slipped Thursday. The deferred contracts declined modestly, while nearby April slipped 2.5 cents to $85.55. The cash and wholesale markets have proven quite stable over the past few days.