Corn: July corn futures fell 5 cents to $4.52 1/2, near the daily low and hit a five-week low. The corn futures market saw still more technical selling pressure today. Sharply lower crude oil futures prices this week have also worked to pressure corn futures.
Soybeans: July soybeans fell 3/4 cent to $11.85 1/4, near mid-range. July soybean meal rose $2.00 to $330.60, nearer the daily high. July soybean oil rose 90 points to 75.26 cents, near the daily high. The soybean and meal markets today saw corrective bounces from recent selling pressure.
Wheat: July SRW fell 13 cents to $6.22 1/2, near the daily low and hit a nearly three-week low. July HRW lost 6 1/2 cents to $6.69 3/4, nearer the daily low and hit a nearly three-week low. September spring wheat futures fell 9 cents to $7.05 1/4. The winter wheat futures markets saw more weak long liquidation and some fresh short selling from the shorter-term speculators as prices closed lower for the fifth straight trading session.
Cotton: July cotton futures fell 121 points to 76.16 cents, nearer the daily low and hit a six-week low. Cotton futures saw more technical selling from the shorter-term speculators today. Lower crude oil prices also helped to pressure cotton today.
Cattle: June live cattle rose $3.20 to $251.425, nearer the daily high. August feeder cattle rallied $5.175 to $354.625, nearer the daily high. The cattle futures markets posted solid rebounds today on short covering and perceived bargain hunting, led by feeders.
Hogs: June lean hog futures rose $1.475 to $97.60, near the daily high. The lean hog futures market saw short covering and perceived bargain hunting today.