After the Bell | September 26, 2023

Corn: December corn futures fell 1 1/2 cents at $4.79 3/4 and near mid-range. “Risk-off” attitudes in the general marketplace today limited buying interest in the grain futures markets.

Soybeans: November soybeans rose 5 cents to $13.02 3/4, a high-range close. December meal rose $2.90 to $392.70, ending the session above the 10-day moving average. December soyoil gained 23 points, closing at 57.71 cents, a high-range close. Soybean futures spent the session rangebound, following thwarted overnight efforts to test the 100-day moving average, with price action closely tracking meal futures.

Wheat: December SRW wheat closed steady at $5.89. December HRW wheat lost 4 cents to $7.10 1/2. Prices closed near mid-ranges. December spring wheat futures fell 2 1/2 cents to $7.66 1/2. Keener risk aversion in the general marketplace today kept buyers in the wheat markets standing on the sidelines.

Cotton: December cotton rose 1 point to 88.18 cents, still a high-range close. December cotton futures showed just a bit of follow-through strength.

Cattle: October live cattle futures fell $2.175 to $184.80 Tuesday and closed near session lows. October feeder cattle futures closed $4.95 lower to $253.875, the lowest level since September 5. Cattle futures fell sharply on Tuesday, led lower by feeder cattle futures.

Hogs: Hog futures stabilized in the wake of recent losses, with nearby October futures edging up 10 cents to $81.625 while the deferred contracts slipped. Concerns about the economic outlook seemed to weigh on the financial markets again Tuesday.