Corn: May corn futures fell 2 3/4 cents to $4.45 3/4, nearer the daily low after hitting a six-week high early on. The corn futures market today saw modest selling pressure from risk aversion in the general marketplace amid the U.S.-Iran war.
Soybeans: May soybeans fell 6 3/4 cents to $11.64, nearer the daily low and hit a 10-month high overnight. May soybean meal fell $7.60 to $312.90, nearer the daily low. May soybean oil rose 89 points to 62.74, near the daily low and hit another contract high and a two-year high today. The soybean and meal futures market today saw selling pressure from keener risk aversion in the general marketplace, as well as a strong rally in the U.S. dollar index to a six-week high.
Wheat: May SRW fell 14 1/4 cents to $5.77 1/4, near the daily low after hitting an eight-month high overnight. May HRW lost 5 3/4 cents to $5.74 3/4, nearer the daily low after also hitting an eight-month high overnight. May spring wheat futures closed 2 3/4 cents lower at $6.10. The winter wheat futures markets today saw profit-taking pressure from recent gains.
Cotton: May cotton lost 102 points to 64.59 cents, near the daily low. The cotton futures market today saw profit-taking pressure from the shorter-term futures traders, after recent gains.
Cattle: April live cattle rose 87 1/2 cents to $233.10, near the daily high and hit a two-month low early on. March feeder cattle gained $1.85 to $357.275, near the session high and hit a two-month low early on. The cattle futures markets early today saw follow-through selling pressure from late last week’s downdrafts.
Hogs: April lean hog futures fell 15 cents to $95.575, nearer the daily low. Lean hog futures today saw mild selling pressure amid keener risk aversion in the general marketplace. Firming cash hog prices did limit the downside in hog futures today.