Corn: July corn fell 1/4 cent to $4.63 1/2, near mid-range and for the week up 6 cents. Corn futures bulls had a decent week as prices are now trending up on the daily bar chart.
Soybeans: July soybeans rose 3 3/4 cents to $11.78 1/2, near the daily high and for the week down 4 1/2 cents. July soybean meal rose $2.60 to $319.10, nearer the daily high and for the week down $8.10. July bean oil gained 28 points to 71.33 cents, near midrange and for the week up 342 points. The soybean market showed some bullish promise at mid-week as prices pushed to a five-week high and above the recent trading range.
Wheat: July SRW wheat fell 3 1/2 cents to $6.16 3/4, near mid-range after hitting a three-week high overnight. For the week, July SRW was up 17 1/2 cents. July HRW wheat lost 9 1/2 cents to $6.69 3/4, nearer the daily low after hitting a nearly two-year high in the overnight trade. For the week, July HRW was up 19 3/4 cents. July spring wheat futures were up 1 3/4 cents to $6.93 1/4, nearer the daily high, and for the week up 23 cents. The winter wheat futures market saw some routine profit-taking pressure to end the trading week.
Cotton: July cotton futures fell 9 points to 79.36 cents, nearer the session high and for the week down 46 points. The cotton futures market suffered a technically bearish key reversal down on the daily bar chart Wednesday, but the bulls were able to stabilize prices to end the trading week.
Cattle: June live cattle futures rose $1.725 to $245.225, near mid-range for the week down $2.475. May feeder cattle futures gained $2.025 to $360.90, nearer the daily low and for the week down $4.375. The live cattle and feeder cattle futures markets saw corrective bounces today but the bears had the better week.
Hogs: June lean hog futures fell $1.55 to $101.90, nearer the session low and for the week up 85 cents. The lean hog futures market today saw technical selling pressure as prices remain trapped in a downtrend on the daily bar chart.