Corn: March corn futures fell 2 3/4 cents to $4.45, nearer the daily low. The corn futures market today saw a corrective pullback following two sessions in a row of decent price gains.
Soybeans: January soybeans fell 9 3/4 cents to $11.28, near the session low. March soybean meal lost $4.70 to $319.50, near the daily low and hit a three-week low. March soybean oil rose 29 points to 52.84 cents, nearer the daily high. Soybean futures saw a downside price correction today. Worrisome for beans and meal is that meal futures today saw good follow-through selling pressure after posting a weaker close on Friday.
Wheat: March SRW lost 3 1/2 cents to $5.35, nearer the daily low. March HRW fell 3/4 cent to $5.26 3/4, near mid-range. March spring wheat futures fell 2 cents to $5.76. Winter wheat markets today saw some modest technical selling pressure as their near-term technical postures favor the bears.
Cotton: March cotton fell 8 points to 64.63 cents, nearer the daily high. Cotton futures today saw a very mild downside correction after prices Friday hit a two-week high.
Cattle: February live cattle fell $1.925 to $215.925, nearer the daily low. January feeder cattle lost $2.90 to $321.075, nearer the session low. The live and feeder cattle futures markets today saw routine corrective price pullbacks following recent good gains.
Hogs: February lean hogs fell 70 cents to $80.30, near the session low. Lean hog futures today saw corrective selling pressure from the shorter-term speculators to start the trading week and month, after prices last Friday hit a three-week high.