Tuesday Cash Market Prices Update

Corn: Cash corn prices moved sideways on Tuesday, and now is close to the lower end of the four month range. Soybeans: Cash soybeans continue to chop sideways, now in the middle of the three month range, as futures closed unchanged on Tuesday. Wheat: Cash winter wheat prices remain under bearish pressure, moving lower again on Tuesday following the bearish USDA report. Cotton: May cotton prices nearly touched the 200-day moving average before settling lower on Tuesday, but well above contract low. Live Cattle: June cattle futures moved sideways to lower on Tuesday and remain above the 50-day moving average.