Corn: December corn futures fell 7 cents to $4.29 3/4, near the daily low. The corn futures market today saw selling pressure from a rally in the U.S. dollar index, weaker crude oil prices, and losses in the soybean and wheat futures markets.
Soybeans: January soybeans fell 17 1/4 cents to $11.36 1/4, nearer the session low. December soybean meal lost $8.10 to $318.90, near the daily low. December soybean oil fell 107 points to 51.10 cents, nearer the daily low. The soybean complex futures saw profit-taking pressure from recent gains today. Bearish outside markets today—a rally in the U.S. dollar index and lower crude oil prices—also aided the bears today.
Wheat: December SRW fell 9 3/4 cents to $5.36 3/4, nearer the daily low and hit a nearly two-week high early on. December HRW fell 10 3/4 cents to $5.15 1/2, near the daily low. December spring wheat futures fell 1 1/2 cents to $5.81 1/4. Winter wheat markets today saw selling pressure today amid rumblings that a Russia-Ukraine ceasefire may be in the works.
Cotton: December cotton lost 27 points to 62.30 cents, nearer the daily low and closed at a contract low close. December cotton futures today saw technical selling pressure resume.
Cattle: December live cattle fell $3.725 to $216.30, nearer the daily low and hit a 4.5-month low. January feeder cattle lost $4.60 to $321.45 and nearer the daily low. The live and feeder cattle futures markets saw heavy technical selling pressure kick in again today.
Hogs: December lean hogs rose 95 cents to $78.85, near mid-range. Lean hog futures market today saw short covering in a bear market. Steadily declining cash hog prices and weakening pork cutout values limited buying interest today and will likely continue to do so.