Corn: December corn fell 2 cents to $4.26 1/2, closing nearer the session low. Modest selling in corn futures continued for a third straight session despite persisting U.S. dollar strength.
Soybeans: January soybeans fell 2 3/4 cents to $10.07 3/4, near mid-range. December soybean meal fell $1.30 to $291.60, near mid-range and hit a contract low. December soybean oil fell 105 points to 45.18 cents and nearer the session low. Technical selling pressure from the speculators was featured in the soy complex futures today.
Wheat: December SRW wheat fell 11 1/4 cents to $5.41 while December HRW wheat fell 5 3/4 cents to $5.40 3/4, both closing at the lowest levels since late August. December HRS futures fell 6 ¾ cents to $5.71. Wheat futures continue to be saddled by a surging U.S. dollar and strong technical resistance despite lingering global supply concerns.
Cotton: December cotton rose 13 points to 68.90 cents, nearer the daily high and hit a two-month low early on. Buyer interest in cotton futures continues to be limited by bearish technicals and a strong U.S. dollar index that hit a six-month high today.
Cattle: December live cattle futures slid 37.5 cents to $184.025 Wednesday. Expiring November feeder futures slipped 35 cents to $246.475, while most-active January edged up 7.5 cents $243.65. Short-term prospects for the live cattle market seem generally negative.
Hogs: December lean hog futures fell 47.5 cents to $81.875, settling nearer session highs. Lean hog futures succumbed to resurgent selling pressure as technicals work against hog bulls, though resurgent strength in cash fundamentals pared losses and prices closed nearer session highs.