Corn: May corn rose 2 3/4 cents to $4.72, ending the session above the 10-day moving average. Corn futures firmed to begin the week, with support stemming from rallying wheat futures.
Soybeans: May soybean futures closed 11 cents lower to $10.14 and settled near session lows. May meal futures fell $2.10 to $302.30, on session lows. May bean oil plunged 116 points to 42.26 cents. Soybeans saw relative weakness today despite strength seen in the grain market.
Wheat: May SRW wheat rose 11 1/4 cents to $5.62 1/2, nearer the daily high. May HRW wheat gained 13 3/4 cents to $5.78 1/2 and nearer the daily high. May spring wheat futures climbed 11 3/4 cents to $6.04 1/2. The winter wheat futures markets today saw more short covering and perceived bargain hunting from the speculators, to continue the rebounds from last week’s contract lows.
Cotton: May cotton fell 7 points to 66.00 cents, marking a low-range close. Modest gains in cotton futures eased as the session progressed, with a hefty drop in equities weighing on the natural fiber, along with returned selling in crude oil futures.
Cattle: April live cattle rose 30 cents to $200.575, near mid-range and hit a five-week high. May feeder cattle rose 35 cents to $278.55, nearer the session high and hit a contract high. The cattle futures markets saw modest follow-through buying interest from the chart-based speculators today following strong gains posted Friday.
Hogs: April lean hog futures closed 95 cents higher at $88.30 and closed near session highs. April lean hog futures worked higher for the fourth consecutive session as rebounding pork cutout continues to support futures.