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Corn Futures Higher at 6:00 a.m. CST Monday

DTN Newsletter comments.

Corn: March corn futures fell 2 3/4 cents Friday to $4.37 1/2, falling for a fifth straight session and dropping 12 1/4 cents total through the week. 

Soybeans: March soybean futures were down 1 3/4 cents Friday to $10.45 3/4. Despite the fifth lower close in a row, the soybean market did show some bullish momentum in bouncing off two and a half month lows on the March contract to finish 7 3/4 cents above the daily low.

Wheat: March Kansas City wheat futures overcame early weakness to close 1/4 cent higher at $5.15, finding support Friday when prices tested the bottom range of the prevailing downtrend channel.

Live Cattle: February live cattle enjoyed a breakout session Friday, surging $4.40 to $236 and closing above the 100-day moving average ($232.150) for the first time in two months. 

Cotton: March cotton fell for the fourth consecutive session on Friday, down 0.26 cents per lb to 64.01 as prices continue to face selling pressure on attempts to move above the 50-day moving average (64.27)

 

 

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