Corn: July corn futures fell 5 cents to $4.43 1/2 and nearer the session low. For the week, July corn lost 6 1/4 cents. The corn futures market is languishing in a downtrend as July futures early this week hit a six-month low.
Soybeans: July soybeans fell 1 1/4 cent to $10.50, marking a 1 3/4-cent weekly loss. July meal fell $4.50 to $291.90, down $2.20 on the week. July soyoil fell 39 points to 48.93 cents, but still managed to mark a 36-point weekly gain. Soybeans started the week off strong amid weekend trade advancements between the U.S. and China, which were exacerbated by more-bullish-than-expected supply and demand data from USDA on Monday.
Wheat: July SRW wheat futures fell 7 3/4 cents to $5.25 and on the week rose 3 1/4 cents. July HRW wheat fell 11 3/4 cents to $5.16 1/2 and for the week lost a penny. July HRS fell 6 3/4 cents to $5.73 3/4. It was a somewhat disappointing trading day for the winter wheat futures markets Friday, after three sessions in a row of high-range daily closes in July SRW and HRW futures for the first time since February.
Cotton: July cotton fell 54 points to 64.89 cents, and marked a 172-point weekly loss. Cotton futures extended losses for the fourth consecutive session, with a firmer U.S. dollar negating support from advancing equities.
Cattle: June live cattle rose $1.15 to $212.325 but marked a $2.275 weekly loss. August feeders rose $1.95 to $297.775, but gave up $2.475 on the week. Cattle futures faced moderate corrective strength to round the week out, as supply fundamentals still ring bullish, after a sharp two-day selloff in midweek trade.
Hogs: June lean hog futures fell 37 1/2 cents to $100.325 and nearer the daily low. For the week, June hogs rose $2.75. Despite today’s slightly weaker close, the lean hog futures bulls had a good week, suggesting today’s price action was just a pause after Thursday’s good gains.