Corn: December corn futures fell 3 1/2 cents to $4.24 3/4, nearer the daily low but on the week up 6 3/4 cents. The corn futures market saw some profit-taking pressure late this week, but the bulls still had a good week.
Soybeans: November soybeans fell 8 1/4 cents to $10.37 3/4 and marked a 28-cent loss on the week, while December soymeal closed $2.00 lower at $330.50 and down $13.60 week-over-week. December soyoil fell 56 points to 43.97 cents and for the week, rose 161 points. Soybean futures extended Thursday’s selling pressure, with former support at the 10-day moving average paring momentum as the U.S. dollar surged to a seven-week high.
Wheat: December SRW wheat futures fell 13 3/4 cents to $5.89 3/4 and nearer the daily low. For the week, December SRW gained 9 3/4 cents. December HRW wheat futures dropped 13 1/2 cents to $5.98, nearer the daily low and for the week up 21 1/4 cents. December spring wheat fell 7 3/4 cents to $6.38 1/2 but rose 30 1/4 cents on the week. The winter wheat futures bulls laid an egg to end the trading week.
Cotton: December cotton rose 54 points to 73.27 cents and rose 55 points on the week. December cotton futures continue to trade sideways, limited by resistance at the 10-day moving average, with the marketplace seemingly relieved Hurricane Helene lacked a larger impact on the U.S. cotton crop.
Cattle: Cattle futures ended the week on a firm note, with expiring October live cattle surging $1.00 to $187.00 and most-active December rose 60 cents to $187.00, also. The latter represented a weekly advance of $2.525. Expiring October feeder futures rallied 65 cents to $249.625, while most-active November climbed $1.15 to $249.275. That marked a weekly gain of $3.575. It certainly looks as if the cattle and beef complex could start next week on a strong note, since both the cash and wholesale markets are exhibiting considerable strength.
Hogs: Slipping cash and wholesale prices seemed to undercut hog futures Friday. Expiring October hog futures sagged 15 cents to $84.025, while most-active December skidded 25 cents to $76.15. The latter quote represented a weekly rise of $2.775. After rebounding significantly early this week, the hog index looks set to dip when Thursday’s official quote is released Monday morning.