Corn: May corn futures fell 2 3/4 cent to $4.43 3/4, near mid-range. The corn futures market today saw some technical selling pressure, with losses in the winter wheat futures markets this week also a bearish weight on corn.
Soybeans: May soybeans fell 1 cent to $11.69 1/2, near mid-range. May soybean meal fell $4.80 to $309.950, near the daily low. May soybean oil rose 77 points to 63.58, near the daily high. The soybean market paused at midweek, while spreaders were again featured buying bean oil and selling meal today.
Wheat: May SRW fell 5 3/4 cents to $5.68 1/4, nearer the daily low. May HRW lost 5 3/4 cents to $5.72 1/2, nearer the daily low. May spring wheat futures fell 4 cents to $6.09 1/4, near mid-range. The SRW wheat futures market today saw more technical selling pressure as price uptrends on the daily charts have stalled out.
Cotton: May cotton rose 12 points to 64.16 cents, nearer the daily low. The cotton futures market today saw some tepid short covering following recent losses that have put the bears back in firm control.
Cattle: April live cattle rose $4.225 to $238.35, near the daily high. March feeder cattle gained $6.725 to $363.925, near the session high. The live cattle futures markets today saw more corrective buying and perceived bargain hunting amid cash and beef market fundamentals that remain overall bullish.
Hogs: April lean hog futures gained $1.325 to $97.075, near the daily high and hit a three-week high. Lean hog futures today saw renewed technical buying amid a price uptrend on the daily bar chart that was restarted today.
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