Corn: December corn futures rose 2 cents to $4.36 3/4, near mid-range. The corn futures market today saw mild follow-through buying strength from Monday’s gains.
Soybeans: January soybeans fell 3 3/4 cents to $11.53 1/2, nearer the session low and hit a 17-month high early on. December soybean meal lost $3.80 to $327.00, near mid-range. December soybean oil gained 103 points to 52.17 cents, nearer the daily high and hit a two-month high. The soybean and meal futures today saw some modest corrective selling pressure following recent good gains.
Wheat: December SRW rose 2 1/4 cents to $5.46 1/2, nearer the daily high and hit a nearly two-week high. December HRW fell 2 1/2 cents to $5.26 1/4, nearer the daily low. December spring wheat futures rose 9 cents to $5.82 3/4. Winter wheat markets today saw SRW posting mild follow-through buying and HRW pausing, following Monday’s good gains that have put the bulls back in a better near-term technical posture.
Cotton: December cotton rose 21 points to 62.57 cents, nearer the daily high, after scoring a contract low early on. December cotton futures today saw tepid short covering in a bear market.
Cattle: December live cattle fell $1.25 to $220.025, nearer the daily low. January feeder cattle lost 22 1/2 cents to $326.05 and near mid-range. The live and feeder cattle futures markets paused today after posting decent gains Monday.
Hogs: December lean hogs fell 67 1/2 cents to $77.90, near the daily low and hit a six-month-low. Lean hog futures market today saw more technical selling pressure amid the near-term price downtrend that is firmly in place.