Corn: December corn fell 3 1/2 cents to $4.26 3/4, closing near the session low.
Corn futures gave back yesterday’s gains as the U.S. dollar rose to a more than thirteen month high, casting a shadow over commodities.
Soybeans: January soybean futures plunged 12 3/4 cents to $9.77 3/4 and settled on session lows. January meal futures sunk $1.90 to $289.40, near session lows. January bean oil futures dropped 108 points to 42.28 cents. Selling was featured across the soy complex today, with deferred soybean futures posting fresh contract lows.
Wheat: March SRW wheat fell 2 3/4 cents to $5.69 1/2 and near the daily low. March HRW wheat dropped 5 1/2 cents to $5.67 1/4 and nearer the session low. March spring wheat futures slid 5 cents to $6.02 1/4. The winter wheat futures markets saw mild technical selling pressure today after posting decent gains earlier this week.
Cotton: March cotton futures rose 15 points to 70.43 cents and closed above the 10-day moving average. Cotton futures climbed higher for the third consecutive session, supported by improving demand prospects for the U.S. crop.
Cattle: December live cattle fell 70 cents to $185.60, near the daily low. January feeder cattle rose $1.125 to $253.45, nearer the session high and hit a 3.5-month high. November feeder futures went off the board at $255.125. Live cattle futures saw another corrective pullback after solid gains seen Monday and Tuesday.
Hogs: Price action: Traders are still awaiting developments in the hog market, with futures firming somewhat Thursday. Nearby December futures edged up 22.5 cents to $80.80. The CME lean hog index continues its seasonal slide.