Corn: May corn futures fell 6 1/4 cents to $4.35 3/4, near the daily low. The corn futures market saw some profit-taking from the shorter-term traders following the gains seen late last week.
Soybeans: May soybeans gained 1/4 cent to $11.48 3/4, nearer the session high. May soybean meal fell $2.70 to $310.80, near mid-range. May soybean oil rose 29 points to 57.76, nearer the session high. The soybean complex futures mostly paused today, with meal seeing some mild corrective selling pressure.
Wheat: May SRW fell 6 cents to $5.42 1/2, nearer the daily low. May HRW lost 3 1/4 cents to $5.50 1/2, near mid-range. March spring wheat futures closed 3 1/2 cents lower to $5.68 1/4. The winter wheat futures markets today saw more profit-taking pressure after prices late last week hit multi-month highs.
Cotton: May cotton fell 49 points to 63.64 cents, nearer the daily low. The cotton futures market today saw more technical selling pressure from the speculators.
Cattle: April live cattle rose $2.175 to $242.80, near mid-range and closed at a nearly four-month-high close. March feeder cattle gained $4.825 to $370.975, near mid-range and closed at a four-month-high close. The cattle futures markets got a boost today from sharply higher cash cattle trading activity last week, as well as fresh technical buying from the chart-based speculators.
Hogs: April lean hog futures rose $1.025 to $92.30, near mid-range. Lean hog futures today saw a short-covering bounce following the recent steep sell off that has produced serious chart damage.