Corn: July corn fell 9 3/4 cents to $4.34 3/4, a one-week low close. Corn futures edged lower to start the week, as crude oil weakness offset support from a weaker U.S. dollar.
Soybeans: July soybeans closed steady at $10.69 3/4 though nearer session lows. July meal plunged $8.2 to $283.7, on session lows. July bean oil closed up the limit, rising 450 points to 55.11 cents. Soybeans struggled to build on overnight gains and saw heavy selling pressure this morning.
Wheat: July SRW wheat fell 7 1/4 cents to $5.36 1/2, nearer the session low. July HRW wheat sunk 4 3/4 cents to $5.36, near mid-range. July spring wheat futures slid 11 1/2 cents to $6.22 3/4. The wheat futures markets saw sympathy selling today as the corn futures market suffered strong losses.
Cotton: July cotton rose 8 points to 65.44 cents, marking high-range close. Cotton futures rose modestly in narrow trade, continuing recent sideways consolidation.
Cattle: August live cattle rose $3.10 to $215.55, nearer the daily high. August feeder cattle rose $3.80 to $310.225, nearer the session high. The cattle futures markets bulls got back to work today following Friday’s profit-taking setbacks that came amid keener risk aversion in the general marketplace.
Hogs: July lean hogs closed $2.325 higher at $111.80, near session highs. July hog futures posted a fresh contract high today as strength in cash fundamentals continues to support strong gains in futures.