Corn: July corn futures fell 1 cent to $4.67 1/2, nearer the daily high. The corn futures market saw more follow-through selling pressure today following solid losses on Tuesday and Wednesday.
Soybeans: July soybeans lost 2 1/2 cents to $11.92 1/4, nearer the daily high. July soybean meal rose $1.60 to $318.90, near mid-range. July soybean oil lost 87 points to 74.15 cents, near mid-range. The soy complex today saw mild follow-through selling pressure from losses Tuesday and Wednesday. A rebound in crude oil prices today did allow soy complex prices to move up from their daily lows.
Wheat: July SRW fell 5 cents to $6.12 1/4, near mid-range and hit a two-week low. July HRW lost 19 3/4 cents to $6.67 1/4, nearer the daily low and hit a two-week low. July spring wheat futures fell 18 1/4 cents to $6.73 3/4. The HRW wheat futures markets today saw more heavy profit-taking pressure and weak long liquidation following recent gains.
Cotton: July cotton futures fell 105 points to 83.00 cents and near mid-range for the day. July cotton futures today saw more profit-taking pressure from recent gains. Bulls still have the solid near-term technical advantage and there are no early, significant chart clues that a market top is close at hand.
Cattle: June live cattle fell $3.425 to $250.05, near mid-range and hit a two-week low early on. May feeder cattle lost $6.075 to $366.325, nearer the daily low. The live cattle futures markets saw more profit-taking pressure today as trading has turned choppier at higher levels.
Hogs: June lean hog futures fell $0.325 to $99.375, nearer the daily low and hit a 4.5-month low. The lean hog futures market saw some more mild technical selling pressure today. The near-term technical posture for June hogs remains bearish. Prices are in a downtrend on the daily bar chart.