Corn: December corn fell 3 1/4 cents to $4.90 and closed near the session low. Corn futures kicked the week off under mild pressure despite increasing strength across the grain and soy complex as the session progressed.
Soybeans: November soybeans rallied 6 cents to $12.86 1/4, closing nearer the session high. December soybean meal rose 20 cents and settled at $390.2, despite favoring the downside most of the session. December soyoil surged 152 points to 55.90 cents. Soybean futures showed relative strength today despite weaker outside markets, thanks to impressive inspections and a record NOPA crush number for the month.
Wheat: December SRW wheat fell 2 1/2 cents to $5.77 1/4 and nearer the session low. Prices hit a three-week high early on. December HRW wheat lost 1/4 cent to $6.68 3/4 and near mid-range. Spring wheat futures rallied 6 3/4 cents before settling at $7.28 3/4. The wheat futures markets languished today, with weaker corn prices and firmer soybean prices providing little outside-market direction.
Cotton: December cotton fell 91 points to 85.15 cents, marking a low-range close. Strength in equities combined with a weaker U.S. dollar seemingly had little effect on the natural fiber but likely limited losses amid weakness in crude oil futures.
Cattle: December live cattle fell 20 cents to $186.55 and nearer the session low. November feeder cattle dropped $1.65 to $249.925 and nearer the session low. The cattle futures bulls are still a little squeamish to start the trading week, with the Middle East crisis still unfolding and the potential for some much keener risk aversion to develop quickly.
Hogs: December lean hog futures fell $1.20 before settling at $68.30, nearer the session low. Lean hog futures faced heavy selling throughout the session as the decline in the CME lean hog index resumed.