Editor’s note: Markets will be closed Thursday for the New Year’s Day holiday. Pro Farmer will be observing an abbreviated schedule on Wednesday and Friday, publishing First Thing Today (8:00 a.m. CT) and After the Bell (Post-close). We will resume our regular publishing schedule on Monday, Jan. 5.
Corn: March corn futures fell 1 3/4 cents to $4.40 1/2, near the session low. The corn futures market saw follow-through technical selling today, after Monday’s solid losses.
Soybeans: March soybeans fell 1 1/4 cents to $10.62 1/4, near the session low. March soybean meal $1.00 to $302.30, nearer the daily low. March soybean oil rose 15 points to 49.44 cents, near mid-range. The soybean and meal futures today saw pre-holiday pauses after Monday’s selling pressure.
Wheat: March SRW fell 2 1/4 cents to $5.10 3/4, near the daily low. March HRW lost 5 1/4 cents to $5.22, near the daily low. March spring wheat futures were unchanged at $5.79 1/4, slightly nearer the daily high. The winter wheat futures markets saw follow-through technical selling pressure today as the near-term charts continue to lean bearish.
Cotton: March cotton fell 3 points to 64.32 cents, near the daily low. Cotton futures today saw more mild selling pressure amid grain futures markets that are presently looking heavy.
Cattle: February live cattle rose $1.50 to $230.475, nearer the daily high. January feeder cattle gained $2.55 to $349.55, nearer the session high and hit another nine-week high. The live cattle futures market today saw more technical buying from the chart-based speculators.
Hogs: February lean hog futures rose 97 1/2 cents to $85.45, nearer the session high. Lean hog futures today saw a resumption of technical buying as prices are in an uptrend on the daily bar chart.