Corn: July corn futures fell 5 3/4 cents to $4.80, nearer the daily low after hitting a nearly two-month high early on today. The corn futures market saw some routine profit-taking pressure today, following recent good gains.
Soybeans: July soybeans lost 11 1/4 cents to $12.11 1/2, near the daily low. July soybean meal fell $0.50 to $320.50, nearer the daily low. July soybean oil gained 38 points to 76.91 cents, nearer the daily high and hit yet another contract high. The soybean market today saw some normal and arguably healthy profit-taking pressure amid a price uptrend in place on the daily bar chart.
Wheat: July SRW fell 13 1/4 cents to $6.27 3/4, nearer the daily low. July HRW lost 4 1/2 cents to $6.90, nearer the daily high. September HRS fell 3 1/4 cents to $7.14. The HRW wheat futures markets today saw profit-taking pressure following recent gains.
Cotton: July cotton futures rose 188 points to 84.80 cents and hit another contract high. July cotton futures today saw technical buying from the speculators resume.
Cattle: June live cattle rose $1.475 to $253.225, nearer the daily high. August feeder cattle gained $5.225 to $371.825, nearer the daily high. The live cattle futures markets bulls climbed back into the saddle today, after a couple sessions of routine profit taking.
Hogs: June lean hog futures rose $1.675 to $101.425, nearer the daily high and scored a 4.5-month low early on. The lean hog futures market saw short covering today, following recent price pressure.