Corn: March corn futures fell a penny today to $4.35 1/4, steady with a week-ago. March corn futures had a lackluster end to the week, ending the week nearer this week’s lows.
Soybeans: January soybeans rose 5 3/4 cents to $9.83 1/2, but lost 15 cents on the week. January meal rose $2.10 to $291.50 and gained 70 points on the week. January soyoil closed 44 points lower at 41.84 cents and lost a notable 365 points on the week. Soybean futures were able to score modest corrective gains after sellers prevailed over the past three sessions, aided by plunging soyoil and a soaring U.S. dollar.
Wheat: March SRW wheat futures fell 4 3/4 cents to $5.64 3/4 and nearer the daily low. For the week, March SRW rose 10 3/4 cents. March HRW wheat lost 1 3/4 cents to $5.65 1/2, near mid-range and on the week up 13 1/4 cents. March spring wheat futures closed down 3/4 cent at $6.01 1/2 and gave up 3/4 cent on the week. The closes Friday in winter wheat futures near their weekly low closes suggest some follow-through, chart-based selling pressure early next week as technicals remain overall bearish.
Cotton: March cotton rose 34 points to 70.77 cents and notched a 186-point weekly gain. Cotton futures edged higher for the fourth straight session amid short-covering from the three-month low carved earlier this week despite a surging U.S. dollar.
Cattle: December live cattle futures rose $1.175 to $186.775, nearer the session high and hit a three-week high. For the week, December cattle rose $3.825. January feeder cattle gained 85 cents to $254.30, near mid-range and hit a four-month high. On the week, January feeders were up $7.075. Feeder cattle futures led gains in the cattle complex this week.
Hogs: Hog futures ended the week strongly, with nearby December futures climbing 87.5 cents to close at $81.675. That represents a weekly rise of $2.175. Stable cash hog and wholesale pork values supported hog futures Friday.