Corn: July corn futures fell 5 3/4 cents to $4.571 /2, nearer the daily low. The corn futures market saw more technical selling pressure today.
Soybeans: July soybeans fell 10 1/2 cents to $11.86, nearer the daily low. July soybean meal fell $3.30 to $328.60, nearer the daily low. July soybean oil rose 38 points to 74.36 cents, near the daily high. The soybean market today saw some technical selling pressure.
Wheat: July SRW fell 10 3/4 cents to $6.35 1/2, near the daily low. July HRW lost 5 3/4 cents to $6.76 1/4, nearer the daily low and hit a nearly three-week low. September spring wheat futures rose 4 cents to $7.14 1/4. The winter wheat futures markets saw more profit-taking and weak long liquidation from the shorter-term speculators as prices closed lower for the fourth trading session in a row.
Cotton: July cotton futures fell 5 points to 77.37 cents, nearer the daily low and closed at a six-week low close today. Cotton futures saw mild technical selling and more weak long liquidation today.
Cattle: June live cattle fell $1.075 to $248.225, near the daily low. August feeder cattle fell $0.40 to $349.50, nearer the daily low. The feeder cattle futures market bulls are working to stop the bleeding after the recent steep price downdraft that drove prices to a two-month low last week.
Hogs: June lean hog futures rose $0.375 to $96.125, near mid-range. The lean hog futures market paused today as bulls work to stop the bleeding. The near-term technical posture for June hogs remains firmly bearish as prices are in a steep downtrend on the daily bar chart.