Corn: July corn futures fell 3 1/2 cents to $4.62 1/4, nearer the daily low. The corn futures market saw some perceived bargain hunting today. Friday becomes a very important trading day.
Soybeans: July soybeans fell 5 1/2 cents to $11.94 1/4, nearer the daily low. July soybean meal fell $2.50 to $328.40, nearer the daily low. July soybean oil lost 79 points to 73.87 cents, nearer the daily low. The soybean market today saw more profit-taking pressure and weak long liquidation from the shorter-term specs.
Wheat: July SRW fell 13 cents to $6.47 1/2, near the daily low. July HRW lost 11 3/4 cents to $6.87, nearer the daily low. September spring wheat futures fell 5 1/4 cents to $7.11 . The winter wheat futures markets saw more profit-taking and weak long liquidation from the shorter-term speculators today.
Cotton: July cotton futures fell 362 points to 77.98 cents, near the daily low and hit a four-week low. Cotton futures saw heavy technical selling and weak long liquidation today.
Cattle: June live cattle fell $4.125 to $249.15, near the daily low. August feeder cattle fell the daily trading limit of $9.25 to $356.2525. Both live cattle and feeder cattle futures will see expanded trading limits on Friday. The big limit-down sell off in feeder cattle futures today helped to lead live cattle futures down, too.
Hogs: June lean hog futures fell $2.15 to $95.125, near the daily low and hit another five-month low. The lean hog futures market saw still more technical selling featured today. The near-term technical posture for June hogs remains firmly bearish as prices are in a downtrend on the daily bar chart.