Corn: March corn futures fell 3/4 cent to $4.46, nearer the session low. The corn futures market paused today. A firmer U.S. dollar index that hit a four-week high today was a negative outside market for corn.
Soybeans: March soybeans fell 5 3/4 cents to $10.61 1/4 and near the daily low. March soybean meal fell $1.80 to $303.60, nearer the daily low. March soybean oil rose 14 points to 49.45 cents, nearer the daily high. Soybeans saw a corrective pullback today after this week’s good gains, while meal also paused after recent gains.
Wheat: March SRW closed steady at $5.18 and near mid-range. March HRW fell 1 1/4 cents to $5.30 1/4, near mid-range. March spring wheat futures rose 3/4 of a cent to $5.71 1/4. The winter wheat futures markets saw some more short covering and bargain buying early on today but modest selling pressure developed late in the session.
Cotton: March cotton fell 39 points to 64.46 cents, nearer the daily low. Cotton futures today saw another corrective pullback after prices hit a nearly two-month high on Tuesday.
Cattle: February live cattle rose 75 cents to $235.275, nearer the daily high. March feeder cattle gained $2.225 to $357.725, nearer the session high. The cattle futures markets today saw more technical buying strength as prices are trending higher and this week have hit a 10-week high.
Hogs: February lean hog futures rose $1.075 to $85.875, nearer the session high. Lean hog futures saw technical buying interest today as prices are trending up and near the recent 2.5-month high.