Soybeans Reach Highest Closing Price Since April 29
Corn: July corn futures fell 8 3/4 cents to $8.00 3/4. December corn fell 4 3/4 cents to $7.60 3/4. Corn futures were pressured by a big jump in U.S. planting progress last week and spreading from a surging wheat market.
Soybeans: July soybeans rose 21 1/2 cents to $16.78, the highest closing price since April 29. November soybeans rose 13 1/2 cents to $15.25 1/2. July soymeal fell $1.80 to $411.80. July soyoil rose 50 points to 83.49 cents.
Wheat: July SRW wheat surged 30 cents to $12.77 1/2, a lifetime-high close. July HRW wheat rose 15 3/4 cents to $13.67 3/4, the highest close for a nearby HRW contract since February 2008. July spring wheat rose 8 1/2 cents to $13.93 1/2.
Cattle: June live cattle fell 17.5 cents to $133.00. August feeder futures fell 65 cents to $166.775. Live cattle fell on signs of weakness in the cash market, with trade in the Southern Plains reported around $137.00 to $138.00.
Hogs: June lean hogs rose $1.325 to $105.15, the highest close since May 6. Pork cutout values rose $2.28 early today to $103.83, led by gains in bellies.
