Corn futures were lower on Wednesday. Technically inspired selling increased as prices broke below the 50-day moving averages. Fundamentally, forecast into next week look a little less threatening to corn planting than they did earlier this week. July fell 4 3/4 cents to $2.17 3/4.

Soybean futures were lower today. Technical selling and forecasts for improved planting conditions next week were enough to push futures lower and retrace some of the recent gains. July closed 9 3/4 cents lower at $6.33 3/4.

Wheat futures were lower Wednesday amid a general selloff in the commodity markets. Recent gains and generally negative world wheat market fundamentals allowed wheat to follow the other commodities lower. CBOT Jul was down 4 1/4 cents to close at $3.29 1/4. KCBT July fell 5 1/2 cents to $3.31 1/2. MGE May fell 4 1/2 cents to close at $3.45 3/4.

Cattle futures were sharply lower Wednesday after commercial selling surfaced in the expiring April contract to spark heavy speculative long liquidation. There were no obvious new fundamental developments to spark the steep setback. June fell 150 points to close at $85.62.

Lean hog futures closed mixed on Wednesday with contracts between now and August mostly higher and deferred contracts lower. Strength in cash markets was the key factor supporting futures contracts. June ended 18 cents higher at $76.93.