Corn: May corn fell 5 1/4 cents to $4.85, ending the session near the daily low. Corn futures were correctively lower to begin the week, notching the first decline in seven sessions, as spillover selling stemmed from wheat futures despite extended weakness in the U.S. dollar
Soybeans: May soybean futures closed a penny lower at $10.41 3/4 though settled near mid-range. May meal fell $2.5 to $297.1, near mid-range. May bean oil plunged 103 points to 46.32 cents. Soybeans led strength early on today before reversing and settling near unchanged as losses in the grain markets tempered traders’ risk appetite.
Wheat: May SRW wheat fell 8 1/4 cents to $5.47 1/2 and nearer the daily low. May HRW wheat lost 12 3/4 cents to $5.55 1/4, nearer the daily low. The wheat futures markets saw selling pressure today, on profit taking in the SRW market after good gains Friday, and fresh technical selling in the HRW market.
Cotton: May cotton plummeted 180 points to 64.09 cents, closing near the session low. Cotton futures faced pressure to begin the shortened trading week, which includes the upcoming Good Friday holiday.
Cattle: June live cattle rose $2.275 to $199.075 and nearer the session high. May feeder cattle gained $2.25 to $280.95 and near the session high. The cattle futures markets today saw some short covering and perceived value buying.
Hogs: June lean hog futures surged $1.80 to $95.125 and closed near session highs. April futures expired a nickel higher at $85.475. June lean hog futures surged higher again today, marking gains for the fourth consecutive session as strength in cattle helped lift hogs today.