Corn: December corn futures fell 2 3/4 cents to $4.09 1/2, nearer the daily low. The corn futures market saw routine profit-taking pressure today after prices pushed to a nearly four-week high Monday.
Soybeans: November soybeans rose 1 3/4 cents to $10.49 1/2, near mid-range. September soybean meal rose $1.50 to $297.20, near mid-range. September soybean oil fell 155 points to 52.76 cents, nearer the daily low. The soybean futures market paused and traded both sides of unchanged today as prices consolidated after hitting a two-month high last Friday.
Wheat: December SRW wheat rose 2 cents to $5.31 3/4, near mid-range. December HRW wheat fell 3 cents to $5.17 3/4, nearer the daily low and hit a contract low. December spring wheat futures fell 2 3/4 cents to $5.89 1/2. The SRW wheat futures market saw tepid short covering today, while HRW continues to struggle and set contract lows.
Cotton: December cotton fell 61 points to 66.71 cents, near the daily low and hit a two-week low. Technical selling pushed the cotton futures market lower today as the chart-based speculative bears are gaining more confidence.
Cattle: October live cattle rose $1.375 to $238.20, near the daily high and set a contract high. September feeder cattle rose $3.15 to $365.05, nearer the daily high and hit a contract/record high. The very mature bull market run in cattle futures continues to be extended, amid solid cash market fundamentals and no strong, early technical clues that market tops are close at hand.
Hogs: October lean hogs rose $2.025 to $93.425, near the daily high and hit a six-week high.The lean hog futures market saw good technical buying featured today, and were also supported by new contract highs scored in the live and feeder cattle futures markets.