Corn: May corn fell 2 cents to $4.52 1/4, nearer the daily low and for the week was down 9 3/4 cents. May corn futures today saw mild follow-through selling pressure from Thursday’s losses to produce a technically bearish weekly low close on this holiday-shortened week.
Soybeans: May soybeans fell 5 cents to $11.63 1/2, near the daily low and for the week up 4 1/4 cents. May soybean meal fell $3.00 to $315.20, nearer the session low and for the week down 10 cents. May bean oil rallied 183 points to 68.94 cents, near the daily high and for the week up 153 points.
The soybean market today saw modest technical selling pressure amid a higher U.S. dollar index and keener risk aversion in the general marketplace.
Wheat: May SRW wheat rose 3/4 cent to $5.98 1/4, nearer the daily low and for the week down 6 3/4 cents. May HRW wheat gained 2 cents to $6.15 3/4, near mid-range and the week down 17 cents. May spring wheat futures rose 4 3/4 cents to $6.46 3/4, nearer the daily high and for the week down 1 1/2 cents. The winter wheat futures markets saw modest corrective rebounds today.
Cotton: May cotton futures rose 16 points to 70.92 cents, nearer the session high and closed at an eight-month high close. For the week, May cotton was up 146 points. The cotton futures market paused today after seeing some mild profit taking early on. However, the bulls had another good week, including a technically bullish weekly high close today.
Cattle: June live cattle futures rose $1.975 to $246.325, near the daily high, hit a contract high and for the week up $7.55. May feeder cattle futures gained $2.625 to $370.625, near the daily high hit a a 5.5-month high and for the week up $10.80. The live cattle and feeder cattle futures markets finished this holiday-shortened week strong, including technically bullish weekly high closes that suggest follow-through buying strength early next week.
Hogs: June lean hog futures fell $0.70 to $104.475, near mid-range and for the week down $1.65. The lean hog futures bears had the better holiday-shortened week, amid declining cash hog and CME lean hog index prices recently.