Commodity Markets End Mixed as Corn and Soybeans Rebound

The commodity markets saw mixed results on September 24, with corn and soybeans making gains, while wheat, cotton, and hogs suffered losses.

Corn futures rose 3/4 cent to $5.28 1/4, near the session high after hitting a four-week low early in the day. The market saw heavy selling pressure initially but recovered by the close, aided by a lower U.S. dollar index.

Soybean and meal futures also rebounded from their lows, with soybeans rising 1 1/2 cents to $13.19, near the daily high, and for the week up 15 1/2 cents. December bean oil rose 29 points to 67.84 cents, nearer the daily high.

Wheat futures, however, continued their downtrend, with December SRW wheat falling 3 3/4 cents to $7.03 1/4 and for the week down 11 cents. The technical posture remains bearish, setting the stage for further selling early next week.