Corn: December corn fell 1 cent to $5.22, near mid-range. The corn futures market saw mild selling pressure and chart consolidation today.
Soybeans:November soybeans rose 9 1/2 cents to $12.97 3/4, near the daily high. December soybean meal lost $0.40 to $359.00, nearer the daily high and hit a three-week low early on. December soybean oil gained 70 points to 68.36 cents, nearer the daily high. The soybean and meal markets saw some short covering today, following recent losses.
Wheat: December SRW rose 4 cents to $6.92 3/4, near the daily high and hit a five-week low early on. December HRW fell 2 3/4 cents to $7.43, nearer the session high and hit a six-week low early on. December spring wheat futures fell 2 1/2 cents to $6.99 1/4. The SRW wheat futures market saw some mild short covering today, while HRW saw modest technical selling pressure.
Cotton: December cotton futures fell the daily trading limit of 400 points to 78.86 and hit a nine-week low. March and May cotton also closed limit-down. Daily trading limits will be expanded on Wednesday by 1.00 cent per pound (100 points). Cotton futures saw heavy fund long liquidation, speculator panic selling and technical selling featured today, due in part to a stronger U.S. dollar index that today hit a three-month high.
Cattle: December live cattle closed steady at $220.80, near mid-range. November feeder cattle gained $1.625 to $330.90, nearer the session high. The live and feeder cattle futures markets saw some technical buying most of the session today as price uptrends are in place on the daily bar charts, to encourage the speculative bulls.
Hogs:December lean hog futures rose $1.30 to $69.70, nearer the daily high. The lean hog futures market saw short covering today after December futures hit a contract low on Monday.