Corn: May corn futures fell 3 1/4 cents to $4.44, nearer the daily low and closed at a five-week low close. The corn futures market saw more technical selling pressure today as prices are trending down on the daily bar chart.
Soybeans: May soybeans rose 3 1/4 cents to $11.65 1/4, near mid-range. May soybean meal rose $3.50 to $317.60, nearer the daily high. May soybean oil gained 28 points to 67.70 cents, nearer the daily low. The soybean and bean oil futures markets today saw minor buying interest, with spreaders again featured unwinding long bean oil, short meal spreads.
Wheat: May SRW lost 5 3/4 cents to $5.74 1/2, nearer the daily low and hit a five-week low. May HRW fell 4 3/4 cents to $5.90 1/2, nearer the daily low and also hit a five-week low. May spring wheat futures fell 5 3/4 cents to $6.18 1/4. The winter wheat futures markets saw more technical selling pressure today as the near-term chart postures for both markets are deteriorating.
Cotton: May cotton futures rose 159 points to 73.26 cents, near the session high and hit a 12-month high. The cotton futures market bulls again showed their resilience today by posting solid gains despite mostly weaker grain futures prices.
Cattle: June live cattle rose $1.275 to $247.20, near the daily high. May feeder cattle gained $2.425 to $370.425, near the daily high. The cattle futures markets today saw more technical buying after nearby live cattle futures prices earlier this week hit a record high.
Hogs: June lean hog futures fell $0.525 to $104.125, nearer the session low and hit a two-week low. The lean hog futures market saw some follow-through technical selling today after strong losses posted Wednesday that deflated the bulls.