Corn: December corn futures rose 2 3/4 cents to $4.23, near the daily high and hit a nine-week high. The corn futures market started out under moderate pressure early in the session, on profit-taking from the shorter-term speculators, but gradually erased those losses by the close.
Soybeans: November soybeans fell 13 1/2 cents to $10.41, nearer the session low and hit a two-week low. September soybean meal fell $8.10 to $275.50, near the daily low and hit a three-week low. September soybean oil rose 50 points to 51.97 cents, near the daily high. The soybean futures saw profit-taking pressure today, as well as fresh short-selling as the soybean meal futures market is breaking down again.
Wheat: December SRW wheat fell 6 cents to $5.28 1/4, near mid-range. December HRW wheat fell 8 1/2 cents to $5.11 1/4, near mid-range and closed at a contract low close. Spring wheat December futures fell 5 3/4 cents to $5.74 1/4. The winter wheat futures markets saw more technical selling today, while also being pressured from lower soybean futures prices.
Cotton: December cotton fell 49 points to 66.05 cents, nearer the daily low. The cotton futures market saw chart-based selling featured as the near-term technical posture for December cotton has deteriorated the past week.
Cattle: October live cattle fell 12 1/2 cents to $239.525, near mid-range. September feeder cattle lost 52 1/2 cents to $364.25, nearer the daily low. The live and feeder cattle futures bulls showed modest follow-through buying strength early on today, following gains last Friday.
Hogs: October lean hogs rose 52 1/2 cents to $95.55, near mid-range and hit a nine-week high. The lean hog futures market saw modest technical buying from the speculators featured today, amid firmly bullish near-technical charts.