Corn: March corn futures rose 4 cents to $4.40 1/2, nearer the daily high. The corn futures market saw some short covering and perceived bargain hunting today, following early-week selling pressure.
Soybeans: January soybeans fell 4 1/2 cents to $10.58 1/4, near mid-range and hit a seven-week low. January soybean meal lost $4.20 to $298.20, nearer the daily low and hit a seven-week low. January soybean oil rose 16 points to 48.52 cents, nearer the session high and hit a six-month low early on. The soybean and meal markets saw more technical selling pressure today, amid bearish near-term charts.
Wheat: March SRW fell 3 1/4 cents to $5.06 1/4, nearer the session low and hit another contract low. March HRW rose 2 3/4 cents to $5.07 3/4, nearer the daily high and hit a two-month low early on. March spring wheat futures fell 2 1/2 cents to $5.62 1/2. The SRW wheat market today saw more technical selling, while the HRW market saw some tepid short covering.
Cotton: March cotton rose 33 points to 63.43 cents, near mid-range. Cotton futures today saw short covering after prices Tuesday hit a contract low.
Cattle: February live cattle fell $1.15 to $229.55, near the daily low. January feeder cattle lost $1.80 to $341.525, near the session low. The live and feeder cattle futures markets saw some profit-taking from the shorter-term futures traders today.
Hogs: February lean hogs fell $1.775 to $83.00, nearer the session low. Lean hog futures saw heavy profit-taking pressure today, following recent gains that pushed prices to a six-week high earlier this week.