Corn: July corn fell 1 3/4 cent to $4.47 1/2 after extending to the lowest intraday level since Dec. 6 in early trade. Corn futures sank to the lowest intraday level since early December, with a surging U.S. dollar apparently overshadowing daily export sales, strong weekly export sales data and support from a rebound in crude.
Soybeans: July soybean futures climbed 5 3/4 cents to $10.45 and closed nearer session highs. July meal futures inched 30 cents lower to $294.7. July bean oil surged 112 points to 48.45 cents. Soybean futures posted impressive gains overnight though struggled to maintain strength as corn futures continue to lead the ag complex lower.
Wheat: July SRW wheat fell 5 cents to $5.29 1/4 and nearer the session low. July HRW wheat fell 4 3/4 cents to $5.24 3/4, nearer the session low and set a contract low. July spring wheat futures fell 2 1/4 cents to $6.00 3/4. The wheat futures markets saw selling pressure again today amid generally improved growing conditions for wheat crops in the U.S. and in other major global wheat regions.
Cotton: July cotton futures slid 69 points to 66.69 cents. Cotton futures fell for the third consecutive session as pessimism surrounding trade continues to weigh heavily on the market.
Cattle: June live cattle rose $1.725 to $214.25, nearer the daily high and hit a contract high. August feeder cattle rose $2.65 to $301.25, nearer the session high and hit a contract high. The live and feeder cattle futures bulls are keeping their foot on the gas amid strong cash market fundamentals.
Hogs: June lean hogs closed 15 cents lower at $97.175, near mid-range. Lean hog futures, particularly June lean hog, continue to trade in a tight range as the market tries to digest mixed signals from the cash market.