Corn: December corn fell 6 3/4 cents to $3.91 1/4, nearer the session low. Corn futures gave up gains carved over the past two sessions amid profit-taking and mostly favorable weather conditions throughout the Corn Belt.
Soybeans: November soybean futures firmed 2 cents to $10.43 and settled nearer session high. August meal futures slid $1.9 to $337.2 and settled nearer the intraday low. August bean oil futures firmed 24 points to 46.45 cents. The soybean complex saw limited volatility today as November soybeans continue to base sideways.
Wheat: December SRW wheat fell 3 1/2 cents to $5.60 and nearer the session low. December HRW wheat rose 1 1/2 cents to $5.79 and near mid-range. December spring wheat futures rose 8 3/4 to $6.20 1/4. The winter wheat futures markets are in pause mode late this week after setting contract lows earlier this week.
Cotton: December cotton futures dropped 14 points to 71.93 cents and settled near mid-range. Cotton futures continue to trade within Monday’s range as prices consolidate on the daily bar chart.
Cattle: August live cattle fell $2.025 to $182.25. August feeder cattle closed down $2.325 at $256.225. Both markets closed nearer their session lows. Trading in live and feeder cattle futures has turned choppier recently despite still-friendly cash market fundamentals.
Hogs: Hog futures traded mixed Thursday, with nearby August dipping 27.5 cents to $91.375. October futures posted modest gains. After having surged from last week’s lows, hog futures traded around unchanged today.