Corn: December corn futures fell 3 1/2 cents to $4.19 3/4 and nearer the session low. The corn futures market saw corrective selling pressure today following four straight up-days.
Soybeans: November soybeans fell 1 cent to $10.30 3/4, near mid-range and hit a four-week high early on. December soybean meal rose $1.90 to $286.90, near the daily high and also hit a four-week high. December soybean oil fell 66 points to 50.65 cents, nearer the daily low. The soybean market saw a pause today and the meal market saw more modest price strength after recent good gains.
Wheat: December SRW fell 4 1/2 cents to $5.00 1/4. December HRW lost 5 cents to $4.85. Both markets closed nearer their daily lows. December spring wheat fell 3 3/4 cents to $5.44 3/4, just off the daily low. The winter wheat futures markets saw more technical selling pressure today amid firmly bearish near-term price charts.
Cotton: December cotton rose 26 points to 64.42 cents, nearer the daily high. December cotton futures today saw some modest short covering and perceived bargain hunting.
Cattle: December live cattle rose $1.775 to $245.425, near the daily high. November feeder cattle rose 80 cents to $373.475, nearer the daily high. The live and feeder cattle futures markets are having a good week so far. December live cattle have clawed back most of Friday’s big losses, while November feeders have at least stabilized the market after the limit-down move last Friday.
Hogs: December lean hogs rose $1.20 to $83.275, near mid-range after hitting a two-month low early on. The lean hog futures market saw more short covering today after prices last Friday hit a nearly two-month low.