August hogs closed up $0.85 at $53.75. 

August hogs closed higher on Thursday as it extended the rally off last-Wednesday's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this week's rally, July's high crossing at $55.28 is the next upside target. If August resumes the decline off July's high, June's low crossing at $47.52 is the next downside target. First resistance is July's high crossing at $55.28. Second resistance is June's high crossing at $58.03. First support is last-Wednesday's low crossing at $49.20. Second support is June's low crossing at $47.52.     

August cattle closed up $0.83 at $107.18. 

August cattle closed higher on Thursday as it extends the rally off March's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends the rally off April's low, the 75% retracement level of the January-April-decline crossing at $108.26 is the next upside target. Closes below the 20-day moving average crossing at $102.82 would confirm that a short-term top has been posted. First resistance is today's high crossing at $107.35. Second resistance is the 75% retracement level of the January-April-decline crossing at $108.26. First support is the 20-day moving average crossing at $102.82. Second support is the 50-day moving average crossing at $99.81.     

August Feeder cattle closed down $1.00-cents at $145.15. 

August Feeder cattle closed lower on Thursday as it consolidates some of the rally off March's low. The low-range close sets the stage for a steady to lower opening when Friday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends the rally off April's low, the 87% retracement level of the January-April-decline crossing at $150.58 is the next upside target. Closes below the 20-day moving average crossing at $143.19 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at $146.40. Second resistance is the 87% retracement level of the January-April-decline crossing at $150.58. First support is the 20-day moving average crossing at $143.19. Second support is the 50-day moving average crossing at $137.82.       

FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food 

September coffee closed higher on Thursday as it consolidated some of the decline off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 11.17 would confirm that a short-term top. If September renews the rally off June's low, March's high crossing at 12.91 is the next upside target.  

September cocoa closed higher on Thursday. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 23.65 would temper the near-term bearish outlook. If September renews the rally off July's low, the 62% retracement  level of the February-July-decline crossing at 25.87 is the next upside target.                

October sugar closed higher on Thursday as it renewed the rally off April's low. The high-range close set the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off April's low, the 75% retracement level of the February-April-decline crossing at 13.63 is the next upside target. Closes below the 50-day moving average crossing at 12.11 would confirm that a short-term top has been posted.              

December cotton closed higher on Thursday as it consolidated some of Wednesday's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 61.66 would confirm that a short-term top has been posted. If December renewed the rally off April's low, the 75% retracement level of the January-April-decline crossing at 67.31 is the next upside target.