Corn: May corn fell 4 1/4 cents to $4.65 1/2, nearer the daily low and for the week was down 1 3/4 cents. May corn futures today saw some corrective selling pressure after good gains the past two sessions.
Soybeans: May soybeans fell 7 1/4 cents to $11.61 1/4, nearer the daily low and for the week down 48 cents. May soybean meal fell $4.50 to $328.00, nearer the session low and for the week up $5.30. May bean oil rose 10 points to 65.51 cents, nearer the daily low and for the week down 193 points. The soybean market today saw some technical selling pressure as price action this week has formed a classic bearish pennant pattern on the daily bar charts for May and July futures.
Wheat: May SRW wheat fell 12 3/4 cents to $5.95 1/4, near the daily low and for the week were down 18 1/2 cents. May HRW wheat lost 21 cents to $6.06 1/4, near the daily low and the week down 23 3/4 cents. May spring wheat futures fell 15 3/4 cents to $6.28, near the daily low and for the week were down 17 1/2 cents. The winter wheat futures markets had a choppy and volatile trading week but kept price uptrends on the daily bar charts in place.
Cotton: May cotton futures fell 36 points to 67.31 cents, nearer the daily low and for the week up 146 points. The cotton futures bulls fizzled late this week, including today’s technically bearish weekly low close.
Cattle: April live cattle futures rose $0.775 to $234.05, nearer the daily high and for the week up $4.00. May feeder cattle futures gained $2.95 to $346.375, nearer the daily high and for the week up $7.20. The live cattle and feeder cattle futures markets bulls had a decent week, which gives them some momentum heading into trading early next week.
Hogs: April lean hog futures fell $0.775 to $91.275, near the daily low, hit a nine-week low and for the week were down $2.175. The lean hog futures market saw another technically bearish weekly low close today, which sets the stage for follow-through selling pressure from the chart-based speculators early next week.