Corn: March corn rose 1/2 of a cent to $4.31 3/4, nearer the daily high and the week up 1 1/2 cents. March corn futures today saw a technically bullish weekly high close, suggesting some follow-through price strength when trading resumes after a three-day U.S. holiday weekend.
Soybeans: March soybeans fell 4 1/4 cents to $11.33, nearer the daily high and for the week were up 17 3/4 cents. March soybean meal gained $1.30 to $309.20, nearer the daily high and closed at two-month high close today. For the week, March meal was up $5.60. March bean oil fell 46 points to 57.08 cents, near mid-range and for the week up 175 points. The soybean market today saw some mild corrective selling and profit taking from the shorter-term futures traders, but the bulls had a very good week, overall.
Wheat: March SRW wheat lost 3 3/4 cents to $5.48 3/4, near mid-range and for the week up 19 cents. March HRW wheat fell 11 1/2 cents to $5.42 1/2, near the daily low and on the week up 11 1/4 cents. March spring wheat futures fell 5 3/4 cents to $5.71 3/4, nearer the daily low and for the week 1 3/4 cents. The winter wheat futures markets sold off today on some routine profit-taking pressure and corrective price action after good gains posted on Wednesday and Thursday.
Cotton: March cotton futures fell 18 points to 62.11 cents, nearer the session high and for the week up 105 points. The cotton futures market this week saw some modest short covering after prices last Friday hit a contract low.
Cattle: April live cattle futures fell 2 1/2 cents to $240.625, near mid-range and for the week rose $3.375. March feeder cattle futures gained 42 1/2 cents to $366.15, nearer the daily low and for the week were down $1.275. The live and feeder cattle futures markets today saw mild profit-taking pressure and position evening heading into a three-day U.S. holiday weekend.
Hogs: April lean hog futures fell 55 cents to $91.275, nearer the session low and hit a four-week low. For the week, April hogs lost $6.675. The lean hog futures market had a dreadful week, highlighted by strong technical selling from the chart-based speculators, as prices saw a downside breakout from a bearish broadening pattern on the daily bar chart.