Corn: July corn futures fell 6 cents to $4.11 1/2, near the daily low. The corn futures market today fresh selling pressure from still very good overall growing weather in the U.S. at present.
Soybeans: July soybeans fell 7 cents to $11.15 3/4, near the daily low. July soybean meal fell $1.50 to $299.80, near the daily low and closed at a five-month-low close. July soybean oil rose 146 points to 71.15 cents, nearer the daily high. The soybean and meal markets saw modest selling pressure as the bulls are squelched by still very good growing weather in most of the Midwest, with no threatening weather conditions in the extended forecasts out into early July.
Wheat: July SRW fell 8 1/4 cents to $5.97 1/2, near the daily low. July HRW lost 10 1/2 cents to $6.33 1/2, near the daily low. September spring wheat futures fell 9 1/4 cents to $6.38 1/2, near the daily low. The winter wheat futures markets saw corrective pullbacks from recent gains, with some selling pressure also seen from weaker corn and soybean futures prices.
Cotton: July cotton futures fell 84 points to 75.21 cents, near mid-range. Cotton futures saw a corrective pullback today after recent good gains. Weaker grains, lower crude oil prices and a firmer U.S. dollar index, as well as weaker U.S. stock indexes, were all bearish outside-market forces working against the cotton market bulls today.
Cattle: August live cattle rose $0.725 to $247.35, near mid-range and hit a six-week high early on. August feeder cattle rose $3.825 to $370.425, near mid-range after hitting a six-week high early on. The cattle futures markets saw fresh speculator buying in the early going, but those gains faded as the trading session progressed.
Hogs: August lean hog futures closed steady at $96.725, near mid-range. The lean hog futures market today saw mild short covering early on before giving up those mild gains late. The near-term technicals remain bearish amid a price downtrend in place on the daily bar chart.