Corn: July corn fell 1/4 cent to $4.90 and closed near the session low. Corn traded a fairly narrow range to kick off the week, with general selling across the marketplace setting a rather subdued tone.
Soybeans: July soybean futures closed 6 1/4 cents lower to $10.41 1/2 and closed near session lows. July meal futures sunk $2.80 to $300.30. July bean oil inched 3 points lower to 48.31 cents. Soybeans fell in tandem with the general marketplace today though did not deviate from the recent sideways trend.
Wheat: July SRW wheat fell a dime to $5.52 1/4 and nearer the daily low. July HRW wheat lost 6 1/4 cents to $5.63 3/4, near the daily low. July spring wheat futures fell 5 1/4 cents to $6.14. The risk-off mentality in the general marketplace to start the trading week sent the grain market bulls to the sidelines today.
Cotton: July cotton fell 31 points to 66.82 cents, a near mid-range close. Cotton futures retreated below technical support to begin the week, with tumbling crude oil and equities negating an extended plummet in the U.S. dollar.
Cattle: June live cattle fell 32 1/2 cents to $203.75, nearer the session low after hitting a three-week high early on. May feeder cattle fell $1.325 to $285.525, near the session low and hit a three-week high early on. The cattle futures markets lost their early gains as the U.S. stock indexes melted down to start the trading week.
Hogs: June lean hogs inched 2.5 cents higher to $98.05 and closed near mid-range. Hog futures saw action on either side of unchanged today as technical resistance continues to loom over the market.