Corn: March corn futures fell 7 3/4 cents to $4.42 1/4, near the session low. The corn futures market dropped back into the middle of its well-defined, sideways trading range today.
Soybeans: March soybeans fell 9 cents to $10.63 1/2, near the daily low. March soybean meal lost $4.10 to $303.30, near the daily low. March soybean oil rose 7 points to 49.29 cents, near mid-range. The soybean and meal futures today saw selling pressure from a risk-off day in the raw commodity sector, as gold and silver prices suffered some of their biggest daily losses in their history.
Wheat: March SRW fell 6 cents to $5.13, near the daily low. March HRW lost 6 1/4 cents to $5.27 1/4, near mid-range. March spring wheat futures were unchanged at $5.79 1/4. The winter wheat futures markets sold off today as President Trump said he made “a lot of progress” in talks with Ukrainian President Zelenskiy on Sunday over a possible peace deal, but that it might take a few weeks to get it done.
Cotton: March cotton fell 14 points to 64.35 cents, nearer the daily low. Cotton futures today saw mild selling pressure amid a risk-off day in the general marketplace that saw U.S. stock indexes lower.
Cattle: February live cattle fell 67 1/2 cents to $228.975, nearer the daily low. January feeder cattle gained 82 1/2 cents to $347.00, near mid-range and hit a nine-week high early on. The live cattle futures market today saw some mild profit taking, with buying interest limited by a general risk-off mentality in most of the raw commodity markets, as gold and silver saw some of the biggest one-day price losses in their trading history—spilling over into selling interest in other commodity markets.
Hogs: February lean hog futures fell 5 cents to $84.475, nearer the session low. Lean hog futures today saw a post-holiday pause. Buying interest was limited by a risk-off day in most of the raw commodity sector.