Corn: December corn futures fell 1/2 cent to $4.21 1/2, nearer the daily low. The corn futures market is presently struggling amid ramped up harvest pressure and the related commercial hedge selling.
Soybeans: November soybeans fell 3 1/4 cents to $10.10 1/2, nearer the daily low. December soybean meal rose 80 cents to $275.40, near the daily low. December soybean oil fell 50 points to 49.69 cents, nearer the daily low. Soybean bulls pulled in their horns to start the trading week, amid good harvest weather in the Midwest that has combines rolling and elevators busy—resulting in commercial hedge pressure.
Wheat: December SRW wheat fell 1/4 cent to $5.19 1/2, near mid-range. December HRW gained 2 3/4 cents to $5.08 1/4, nearer the daily high. December spring wheat futures rose a penny 1/2 to $5.69 1/4. The winter wheat futures markets saw mild short covering today.
Cotton: December cotton fell 90 points to 65.50 cents, near the daily low and hit a six-month low. The cotton market saw technical selling featured today. Weaker grain futures prices today were also negative for cotton, as were solid losses in the crude oil futures market today.
Cattle: December live cattle fell 47 1/2 cents to $233.825, near mid-range. November feeder cattle lost 60 cents to $353.875 and nearer the daily low. The live and feeder cattle markets were in a pause mode today.
Hogs: December lean hogs fell 70 cents to $90.35, near the daily low. The lean hog futures market saw profit-taking pressure following recent good gains that saw December hogs hit a contract high Friday.