Corn: December corn fell 5 1/2 cents to $4.42 1/2, near the daily low. The corn futures market today saw fresh technical selling pressure. Bulls quickly lost traction after a price-friendly USDA monthly supply and demand report Tuesday.
Soybeans: January soybeans lost 11 3/4 cents to $12.19, near the daily low. December soybean meal fell $4.30 to $325.40, near the daily low. December soybean oil lost 46 points to 63.42 cents, near the daily low. The soybean complex today saw selling pressure today amid a rally in the U.S. dollar index to another 1.5-year high today. Some fresh technical selling was also featured in the complex.
Wheat: December SRW fell 15 1/4 cents to $5.84 1/4, near the session low and hit an eight-month low. December HRW lost 17 1/4 cents to $6.22 1/4, near the daily low and hit an eight-month low. December spring wheat futures fell 12 3/4 cents to $6.22 3/4, near the daily low. The winter wheat futures markets saw renewed technical selling today as prices remain trapped in downtrends on their daily bar charts. Buying interest in wheat futures today was also squelched by a rally in the U.S. dollar index to another 1.5-year high.
Cotton: December cotton futures rose 15 points to 78.67 cents, near mid-range. Cotton futures saw a pause today. A rally in the U.S. dollar index to another 1.5-year high today limited buying interest in cotton. Losses in cotton were limited by a stabilization in the U.S. stock market late this week.
Cattle: December live cattle fell $0.075 to $218.90, near mid-range. January feeder cattle gained $3.875 to $331.675, nearer the daily high. The live cattle futures market saw some mild corrective selling today amid very light cash cattle trading being reported at lower money. Feeder futures saw more short covering and perceived bargain buying.
Hogs: December lean hog futures fell $0.875 to $55.15, near mid-range. The lean hog futures market saw renewed technical selling today amid technicals that are still firmly bearish. Cash hog prices and the CME cash index continuing to trend lower.