Corn: December corn futures fell 5 1/4 cents to $4.20 3/4 and nearer the session low. The corn futures market saw spillover selling from solid losses in soybeans today, as well as outside-market pressure from sharply lower crude oil prices that were down around $3.00 a barrel at midday.
Soybeans: November soybeans sunk 17 3/4 cents to $10.16 1/4, a more-than-two-week-low close. December meal fell $1.00 to $323.00, forging a high-range close. December soyoil plunged 148 points to 43.09 cents, marking the largest daily decline since Sept. 6. Soybeans succumbed to sellers for the fifth straight session, handing back nearly all the gains achieved in late September.
Wheat: December SRW futures climbed 2 1/4 cents to $5.94 3/4 and traded on either side of unchanged throughout today’s session. December HRW futures climbed 1/2 cent to $6.03 3/4, settling near mid-range. December HRS futures rose 3/4 cent to $6.45. Wheat futures saw relative strength today despite falling corn and soy prices.
Cotton: December cotton fell 126 points to 72.27 cents, marking the lowest close since Sept. 18. December cotton succumbed to pressure stemming from notable weakness in crude oil futures.
Cattle: December live cattle futures climbed 85 cents to $187.875 and settled on session highs. November feeder cattle futures firmed $1.15 to $250.30, nearer session highs. Cattle futures marched higher today, scoring a fresh for-the-move high in fats.
Hogs: December lean hogs rose 35 cents to $77.175, nearer the session high and hit a 4.5-month high. Some more chart-based buying interest from the speculators was featured in the lean hog futures market today, as prices continue to trend higher.