Corn: July corn futures fell 9 cents to $4.34 1/2, nearer the daily low and hit a nearly five-month low. The price downdraft in the corn futures market continues amid fresh short-selling from the speculative traders.
Soybeans: July soybeans fell 11 1/4 cents to $11.54, nearer the daily low and hit a more-than-three-month low. July soybean meal fell $5.40 to $320.80, near the daily low and hit a three-week low. July soybean oil rose 30 points to 78.71 cents, near mid-range. The soybean and meal futures markets today saw more technical selling pressure as July futures markets prices are trending lower on the daily bar chart.
Wheat: July SRW lost 15 3/4 cents to $5.87 1/4, near the daily low and hit a six-week low. July HRW fell 10 3/4 cents to $6.24, near the daily low and hit a six-week low. September spring wheat fell 10 1/2 to $6.51. The bleeding continues in the winter wheat futures markets amid technical selling being featured.
Cotton: July cotton futures fell 31 points to 76.73 cents, nearer the daily low. Cotton futures saw modest technical selling today.
Cattle: August live cattle fell $1.80 to $237.85 and hit a nine-week low early on today. August feeder cattle lost $5.80 to $342.625, nearer the daily high after hitting a 10-week low early on. The cattle futures markets today saw mild follow-through technical selling pressure today as both markets are still in downtrends on their daily bar charts.
Hogs: August lean hog futures rose $0.60 to $99.575, near the daily high. The lean hog futures market saw more short covering and perceived bargain hunting following recent selling pressure.