Corn: December corn fell 2 1/2 cents to $4.18 1/2 and marked the lowest close since Sept. 27. Corn futures faced modest selling throughout the session as technical resistance curbed buying interest despite strength in wheat and crude oil.
Soybeans: November soybean futures sank 5 1/2 cents to $10.14 3/4, settling nearer session lows. December meal futures dropped $5.1 to $316.1, nearer session lows. December bean oil futures rebounded 70 points to 43.76 cents. Soybeans continue to exhibit relative weakness, led lower by weakness in the meal market, which hit a six-week low.
Wheat: December SRW wheat rose 4 3/4 cents to $6.03 3/4 and near mid-range. December HRW wheat gained 2 1/4 cents to $6.11 and nearer the session low. December spring wheat futures rose 3/4 cents to $6.49. Mild chart-based buying from the speculators was featured in the winter wheat futures markets today, amid friendly technicals that include price uptrends in place on the daily bar charts.
Cotton: December cotton futures climbed 39 points before settling at 74.75 cents, nearer session highs. Cotton futures traded on either side of unchanged before rallying into the close.
Cattle: December live cattle rose $1.05 to $188.275, nearer the session high and hit a 2.5-month high. November feeder cattle rose $1.275 to $249.95 and near the session high. Technical buying from the chart-based speculators was featured in the cattle futures markets today, amid bullish charts that show both markets in solid price uptrends.
Hogs: Hog futures turned higher after testing early support. Expiring October futures gained 10 cents to close at $84.025, while most-active December surged $1.375 to $76.95. The hog and pork complex continues following its sometime pattern of September and early October strength.