Corn: September corn rose 1 1/4 cent to $3.99 1/4, while December futures rose 1 1/4 cent to $4.15 1/2. Corn futures posted modest short-covering gains after notching a fresh contract low in the overnight session.
Soybeans: August soybeans fell 12 1/4 cents to $10.09, a three-month low close, while August meal fell $1.30 to $269.40. August soyoil closed down 82 points at 53.29 cents. August soybeans carved a three-month low, extending the post Fourth-of-July selloff to a third straight session.
Wheat: December SRW wheat fell 1 1/4 cents to $5.67 1/4, near mid-range. December HRW wheat rose 1/2 cent to $5.47 3/4, nearer the daily high and hit a seven-week low early on. December spring wheat futures closed a penny lower at $6.50. The winter wheat futures markets continue to suffer spillover pressure from the recent declines in corn and soybean futures prices.
Cotton: December cotton rose 40 points to 67.78 cents after reaching a two-week low early on. Cotton futures turned modestly higher following three consecutive days of selling, though technical constraints continued to limit buyers.
Cattle: August live cattle fell 20 cents to $219.775, nearer the daily low and hit a contract/record high early on today. August feeder cattle rose $1.35 to $320.475, nearer the session high and hit a contract/record high. The cattle futures markets continue their record-setting bull market runs, with no early technical clues to suggest that market tops are close at hand.
Hogs: August lean hogs rose 45 cents to $107.225, nearer the session high. The lean hog futures market is pausing this week, which slightly favors the bullish camp. However, buying interest has been limited by cash hog and fresh pork market fundamentals that have shown weakness recently.