Corn: March corn futures fell 1 1/2 cents to $4.28 3/4, near mid-range. The corn futures market saw some modest follow-through selling pressure today after prices last Friday hit a three-week high.
Soybeans: March soybeans lost 4 1/2 cents to $11.10 3/4, near mid-range. March soybean meal fell $5.80 to $297.80, nearer the session low. March soybean oil rose 136 points to 56.69, near the session high and closed at a contract high close. The soybean and meal futures markets saw follow-through selling pressure today, after Friday’s price downturns.
Wheat: March SRW fell 1 cent to $5.28 3/4, near mid-range. March HRW lost 2 1/2 cents to $5.28 3/4, near mid-range. March spring wheat futures rose 1/2 of a cent to $5.70 1/2, nearer the daily high. The winter wheat futures markets today saw mild chart-based selling as the bulls appear to be tired and recent price uptrends look like they are starting to roll over.
Cotton: March cotton rose 55 points to 61.61 cents, nearer the daily high. The cotton futures market saw short covering today, after hitting a contract low last Friday.
Cattle: April live cattle rose 95 cents to $238.20, near mid-range. March feeder cattle rose 2 1/2 cents to $367.45, near mid-range. The live cattle market saw some follow-through technical buying today, while feeder futures paused, after more active trading in both futures markets the latter half of last week.
Hogs: April lean hog futures fell $1.225 to $96.725, near mid-range Lean hog futures today saw more profit-taking pressure from the shorter-term traders.