Corn: December corn futures rose 1 3/4 cents to $4.19 3/4, near the daily high. The corn market continues to show resilience on any price setback, which is keeping alive a price uptrend on the daily bar chart for December corn.
Soybeans: November soybeans rose 1 1/2 cents to $10.33, near the daily high and hit a three-week low early on. December soybean meal rose $1.20 to $283.70, near the daily high after hitting a four-week low early on. December soybean oil rose 9 points to 51.93 cents, near the daily high and hit a nearly three-month low early on today. The soybean complex bulls were fading late this week but made a late-session push today to post high-range closes.
Wheat: December SRW wheat fell 2 1/2 cents to $5.19 1/2, nearer the session high and hit a contract low early on. December HRW wheat fell 4 cents to $5.06 1/4, nearer the daily low and hit a contract low. Spring wheat futures fell 2 3/4 cents to $5.70 3/4. The winter wheat futures markets continue to suffer from technical selling pressure amid firmly bearish near-term charts that see price downtrends in place.
Cotton: December cotton fell 1 point to 66.20 cents, near mid-range. The cotton market paused today as traders are awaiting fresh fundamental news, including Friday morning’s weekly USDA export sales report, delayed by one day due to the Labor Day holiday Monday.
Cattle: October live cattle fell $1.375 to $236.95, nearer the daily low. September feeder cattle lost $2.25 to $359.825, nearer the daily low. The live and feeder cattle futures markets saw more profit-taking pressure from the speculators today, as well as some weak-long liquidation.
Hogs: October lean hogs rose $1.20 to $95.025, near the session high. The lean hog futures market late this week is seeing more technical buying interest after prices Tuesday hit a nine-week high.