Corn futures ended lower on Thursday. The market was caught between follow-through selling from recent weakness and short-covering most of the day, but fell to the lows for the day at the close. Spillover weakness from crude oil and ideas that index funds will be sellers next week as portfolios are rebalanced pushed prices lower. March fell 8 1/4 cents to $3.62 1/4 and December was 3 cents lower at $3.59.

Soybean futures ended lower on Thursday. The market was choppy today in a fairly tight range most of the session until selling accelerated ahead of the close. Spillover selling from recent weakness and generally bearish fundamentals continue to be a weight on futures. March ended 6 1/2 cents lower at $6.62 3/4 and November was 4 3/4 cents lower at $7.21 1/2.

Wheat futures were several cents lower on the close Thursday. The market extended the recent decline, pressured by technical selling and speculative long liquidation. After a slightly lower opening, futures bounced a few cents higher through mid morning before running into renewed selling pressure late in the session when corn futures slumped. CBOT Mar was down 9 cents at $4.67 1/2. KCBT Mar was 10 3/4 cents lower at $4.76 while MGE Mar fell 9 1/4 cents to close at $4.86 1/4.

Cattle futures ended lower on Thursday. Concerns that recent slow cash cattle sales will cause a backlog in marketings contributed to selling pressure. The steep break in other commodities in the New Year also weighed on the market. February fell 87 points to close at $92.22. The April contract was 67 points lower at $93.60. January feeder cattle closed down 37 points at $99.47.

Lean hog futures closed higher on Thursday. Speculative buying was triggered by ideas that recent losses were overdone and talk of firm cash trade next week. Cash bids were steady to $1 lower again today, but there is optimism that packers could raise bids next week if pork cutouts can continue to bounce higher. February ended 80 cents higher at $60.30 and April was 23 cents higher at $63.78.