Corn: December corn rose 4 cents to $4.74 3/4 and closed above the 10-day moving average. Corn futures were able to make quite a remarkable rebound from earlier lows as wheat and soybeans continued to face selling pressure into the noon hour.
Soybeans: January soybeans fell 24 3/4 cents to $13.60 1/4 and nearer the session low. March soybean meal lost $2.90 to $434.00 and nearer the session high. March bean oil dropped 149 points to 50.54 cents and near the session low. Soybeans and soybean meal futures today saw routine profit-taking pressure from recent gains.
Wheat: December SRW futures fell 7 cents before settling at $5.53 1/2. December HRW futures dropped 12 1/2 cents and closed at $6.27 1/4, settling near session lows. December spring wheat fell 9 1/4 cents to $7.26. Wheat futures faced staunch selling pressure alongside most commodities, despite a swift rebound in corn futures.
Cotton: March cotton fell 13 points to 80.88 cents and nearer the session low. A huge drop in crude oil prices to a four-month low today limited buying interest in the cotton futures market, despite some more upbeat U.S. export sales of the natural fiber.
Cattle: December live cattle futures dropped $3.025 to $174.75, settling near session lows. January feeder cattle futures settled $3.40 lower to $227.50, while November feeders went off the board at $229.375, down 5 cents on the session. Live cattle futures plunged as commodities as a whole sank, giving up the past two days of gains.
Hogs: Hog futures proved well-supported in late Thursday trading. Nearby December led the way higher with a 42.5 cent rise to $71.475. Cash hog and wholesale pork markets proved weak Thursday morning, but hog futures closed modestly higher on the day.