Corn: December corn futures fell 3 cents to $4.21, nearer the session low. The corn futures market today saw a corrective price pullback from three days in a row of price gains.
Soybeans: August soybeans rose 8 cents to $10.21 1/2, closing above the 10-day moving average, while August soymeal rose 30 cents to $268.70. August soyoil rose 140 points to 56.22 cents. A soyoil run to a two-year high lifted soybean futures, though returned meal weakness kept the upside limited.
Wheat: December SRW wheat fell 7 1/2 cents to $5.54 1/4, near the daily low. December HRW wheat fell 5 1/4 cents to $5.40, near the daily low and a new contract low as well. December spring wheat futures fell 4 1/4 cents to $6.15 3/4.Wheat futures saw losses across the board today, with SRW seeing the largest loss.
Cotton: December cotton rose 24 points to 68.80 cents, nearer the session high and closed at a three-week high close. The cotton market bulls are still having a good week and are working on starting a price uptrend on the daily bar chart.
Cattle: August live cattle fell 22 1/2 cents to $223.675, nearer the daily high. August feeder cattle fell 57 1/2 cents to $325.00, near mid-range. The cattle futures markets today saw some mild profit-taking and a pause from recent gains.
Hogs: August lean hogs rose $1.40 to $105.825, ending above the 10-day moving average. Lean hogs gapped higher at the open amid corrective buying from this week’s low, as futures’ discounts to the cash index continue to limit seller interest.