Corn: December corn futures closed down 1/4 cent at $4.82 3/4, near mid-range. Combines in the Corn Belt are running in high gear, which is prompting some better commercial hedge pressure on corn futures.
Soybeans: November soybeans fell 4 cents to $12.83 3/4, near mid-range. December soybean meal lost $5.50 to $363.20, nearer the daily low. December soybean oil lost 61 points to 68.02 cents, near the daily low after hitting a four-week high early on. The soybean market was modestly pressured by commercial hedge selling that is stronger this week as combines are rolling full speed over most of the Midwest.
Wheat: December SRW fell 3 cents to $6.69 1/4, nearer the daily low. December HRW lost 3 cents to $7.12 1/4, nearer the daily low and hit a three-month low. December spring wheat futures fell 2 1/4 cents to $6.94. The winter wheat futures markets saw modest technical selling in choppy trading today. Prices remain trapped in downtrends on the daily bar charts.
Cotton: December cotton futures fell 9 points to 80.51 cents, near mid-range. Selling interest was limited by firmer crude oil prices that hit a nearly three-week high today, as well as a weaker U.S. dollar index.
Cattle: December live cattle fell $0.225 to $226.375, near mid-range but poked to a two-month high early on. November feeder cattle lost $0.075 to $341.025, near mid-range and poked to a three-month high early on. The live and feeder cattle futures markets saw corrective price pullbacks and some profit taking again today.
Hogs: December lean hog futures fell $0.35 to $68.025, near mid-range. The lean hog futures market saw some more technical selling pressure today.