Corn: May corn futures fell 1 1/2 cents to $4.52 1/4, near the session high. The corn futures market today saw more technical selling pressure and some profit-taking and weak long liquidation, especially early on.
Soybeans: May soybeans rose 5 1/2 cents to $12.01 3/4, nearer the high. May soybean meal rose $1.00 to $314.50, near mid-range. May soybean oil lost 48 points to 65.62, nearer the daily high. The soybean and meal futures saw corrective bounces today and benefitted from a mildly friendly USDA report.
Wheat: May SRW fell 12 1/4 cents to $5.91, near mid-range. May HRW lost 11 cents to $6.08 3/4, near mid-range. May spring wheat futures fell 11 cents to $6.35. The winter wheat futures market saw follow-through technical selling pressure today, after Monday’s losses.
Cotton: May cotton futures rose 68 points to 65.30 cents, nearer the session high. The cotton futures market today saw short covering and perceived bargain hunting.
Cattle: April live cattle rose $2.225 to $232.375, nearer the daily high. March feeder cattle gained $2.70 to $353.35, near mid-range. The cattle futures markets today saw corrective rebounds from big losses scored the previous two trading sessions.
Hogs: April lean hog futures rose $1.25 to $96.075, near mid-range. Lean hog futures today saw a corrective bounce from Monday’s price pressure.