Corn: September corn was unchanged at $3.99 1/4, ending near the session high. Corn futures held an inside range with outside market forces overshadowing strong export sales data.
Soybeans: August soybeans rose 3 1/2 cents to $10.12 ½, while August meal gained $2.00 to $271.40. August soyoil rose 20 points to 53.49 cents. August soybeans edged to a fresh for-the-move low, though short-covering in meal and technically oversold conditions inspired a bounce from the daily low.
Wheat: December SRW wheat rose 7 3/4 cents to $5.75, near the daily high and scored a bullish outside day up. December HRW wheat rose 10 1/2 cents to $5.58 1/4, near the daily high. December spring wheat futures rose 1 3/4 cents to $6.51 3/4. The winter wheat futures markets today saw short covering.
Cotton: December cotton fell 5 points to 67.73 cents, and closed nearer the session low. Cotton futures edged modestly lower with firmer equities negating pressure from a firmer U.S. dollar and crude oil weakness.
Cattle: August live cattle fell 55 cents to $219.225, near mid-range and hit a contract/record high early on today. August feeder cattle rose 80 cents to $321.275, nearer the session low and hit a contract/record high early on. The cattle futures markets bulls were out of the gates strong to start the trading session, but faded down the stretch on some routine profit-taking pressure.
Hogs: August lean hogs fell $1.00 to $106.225, nearer the session low. The choppy price action in August lean hog futures this week is a pause from the last week’s selling pressure, but also reflects the bulls are timid because of deteriorating cash hog market fundamentals.