Corn: July corn fell 6 cents to $4.10 1/4 to a new contract low close. Corn futures extended losses for the fourth straight session amid technical selling across the grain complex.
Soybeans: July soybeans fell 21 1/2 cents to $10.25 1/4, near the session low and hit a 2.5-month low. July soybean meal fell $4.50 to $276.00, near the daily low and set a contract low. July soybean oil fell 35 points to 51.82 cents, near the daily low. The soybean market saw more selling pressure today as rainfall in the Midwest continues to bolster good growing conditions for the majority of the U.S. crop.
Wheat: September SRW futures closed 7 1/2 cents lower at $5.44 1/2 and near session lows. September HRW futures slid 10 3/4 cents to $5.39. September spring wheat futures close 13 3/4 cents lower at $6.28. Wheat futures saw another day of heavy selling pressure, falling in tandem with the corn and soybean markets.
Cotton: December cotton rose 53 points to 68.32 cents, nearer the session high and hit a three-week high. The cotton futures market saw more short covering at mid-week, for the fourth straight day of price gains.
Cattle: August live cattle fell 57.50 cents to $208.975, while August feeders rose 5 cents to $302.30. Cattle futures edged lower but held an inside range as steep futures’ discounts to cash continue to curb earnest selling interest thus far.
Hogs: July lean hog futures climbed 60 cents to $112.825 and closed near session highs. Hog futures turned higher after profit-taking efforts yesterday, supported by building gains in the CME lean hog index.