Corn: December corn fell a penny to $4.30, marking a high-range close. Corn futures marked losses for the first time in seven sessions, with general weakness hovering over the ag complex due to lacking outside market support.
Soybeans: January soybean futures fell 8 cents to $10.22 1/4 and settled nearer session lows. December meal futures sunk $1.10 to $295.10. December bean oil futures lost 63 points to 48.14 cents, near mid-range. After showing relative strength overnight, soybeans reversed from a four-week high and closed nearer session lows today, though volume was well below that which was seen last week.
Wheat: December SRW wheat fell 7 cents to $5.65 1/2, nearer the session high and hit a nine-week low early on. December HRW wheat fell 4 3/4 cents to $5.59 1/2 and nearer the daily high. December spring wheat futures fell 5 3/4 cents to $5.92. Winter wheat futures markets fell victim to chart-based selling pressure today as near-term price downtrends have been reaffirmed on the daily bar chart.
Cotton: December cotton fell 129 points to 69.69 cents, closing below the 100-, 20- and 10-day moving averages. December cotton held an inside range to begin the week as outside-market pressure and low-volume trade weighed on the natural fiber to begin the week.
Cattle: December live cattle closed unchanged at $183.70, near mid-range and hit a six-week low early on. January feeder cattle rose 82 1/2 cents to $242.25 and near the session high. The live cattle futures market paused to start the trading week, with buyer interest limited by deteriorating technicals and a pullback in cash cattle and boxed beef prices.
Hogs: December lean hog futures surged $1.35 to $81.775 and closed near session highs. Lean hog futures saw a volatile session of trade on low volume, closing higher but well off intraday highs.