Corn: March corn fell 1/4 cent to $4.45 3/4 and near mid-range. For the week, December corn was up 8 1/4 cents. It was not a bad trading week for the corn futures bulls, as prices consolidated after Monday’s good gains.
Soybeans: March soybeans rose 1 1/4 cents to $10.62 1/2, nearer the daily low and for the week were up 16 1/4 cents. March soybean meal closed up 10 cents at $303.70, near mid-range and on the week up $7.70. March bean oil rose 24 points to 49.69 cents, near mid-range and for the week were up 39 points. Soybean and meal futures bulls had a good week, overall, despite some late-week consolidation.
Wheat: March SRW wheat fell 3/4 cent to $5.17 1/4, near mid-range and for the week up 10 3/4 cents. March HRW wheat closed steady at $5.30 1/4, nearer the daily high and on the week up 15 1/4 cents. March spring wheat futures fell 3 3/4 cents to $5.67 1/2, at the daily low and for the week down 3 1/4 cents. The winter wheat futures markets bulls had a decent week as they worked prices up from their recent lows that included a contract low in SRW last week.
Cotton: March cotton futures fell 5 points to 64.41 cents, near mid-range and for the week up 40 points. The cotton futures bulls faded late this week after pushing to a two-month high on Tuesday.
Cattle: February live cattle futures fell $1.55 to $233.725, nearer the daily low. For the week, February live cattle fell $2.275. March feeder cattle futures lost $3.025 to $354.70, nearer the daily low. For the week, January feeders gained $1.75. Today’s technically bearish weekly low closes in February live cattle and March feeders sets the table for some follow-through, chart-based selling pressure early next week.
Hogs: February lean hog futures fell 57 1/2 cents to $85.30, nearer the daily high and for the week down 85 cents. The lean hog futures market today saw mild end-of-the-week profit taking from the shorter-term traders after posting good gains Thursday.