Corn: December corn futures fell 3 1/2 cents to $4.22, near mid-range and hit a contract low early on today. The corn futures market saw more technical selling pressure today as the charts remain firmly bearish.
Soybeans: August soybeans were unchanged at $10.29 3/4, ending nearer the session high, while November soybeans rose 1/4 cent to $10.27 1/4. August soymeal rose $2.10 to $273.70, while August soyoil rallied 101 points to 53.66 cents. Corrective buying hoisted soybeans from a fresh for-the-move low, which faded in step with meal futures.
Wheat: September SRW futures closed 10 31/2 cents higher at $5.49, near session highs. September HRW futures rose 4 1/2 cents to $5.31 1/4. September spring wheat futures rose 2 1/2 cents to $6.28. Wheat futures saw relative strength today, posting solid gains but stalling as technical resistance eventually weighed on prices.
Cotton: December cotton fell 10 points to 68.03 cents, ending near the session low. December cotton futures stabilized after facing heavy selling on Monday, though technical pressure continued to limit buyers.
Cattle: August live cattle futures closed $3.125 lower at $210.75, on session lows. August feeder cattle futures plunged $4.8125 to $305.85.Cattle futures underwent heavy selling today following a USDA announcement that the Mexican border will see a phased reopening for cattle imports.
Hogs: August lean hogs fell 55 cents to $106.95, nearer the session low and hit a four-week low early on. The lean hog futures market today saw some more chart-based selling pressure as the near-term technical posture for August hogs has deteriorated the past several sessions.