Corn: December corn futures fell 3 1/4 cents to $4.26 1/2, near the daily low and hit a three-week low. The corn futures market today saw more selling pressure as the near-term price uptrend on the daily chart for December corn has been negated.
Soybeans: January soybeans fell 13 3/4 cents to $11.22 1/2, near the session low. December soybean meal lost $4.90 to $314.00, near the daily low and hit a two-week low. December soybean oil fell 44 points to 50.66 cents, nearer the daily low. The soybean complex futures saw more profit-taking pressure from the shorter-term speculators today.
Wheat: December SRW fell 9 3/4 cents to $5.27, near the daily low. December HRW fell 9 1/4 cents to $5.06 1/4, near the daily low and hit a three-week low. December spring wheat futures fell 9 1/4 cents to $5.72, near the daily low. Winter wheat markets today saw technical selling pressure today as near-term price uptrends on the daily charts have stalled out.
Cotton: December cotton lost 62 points to 61.68 cents, nearer the daily low and set a contract low. December cotton futures today saw heavy technical selling pressure. A sell off in the grain futures markets today also spilled over into selling in the cotton market.
Cattle: December live cattle fell $1.575 to $214.725, nearer the daily low and hit another 4.5-month low. January feeder cattle lost $5.075 to $316.375, nearer the daily low and closed at a four-month low close. The live and feeder cattle futures markets saw more technical selling pressure today.
Hogs: December lean hogs rose 62 1/2 cents to $79.475, near the session high. Lean hog futures market today saw more short covering. However, gains were limited by steadily declining cash hog prices and recently weakening pork cutout values.