Corn futures closed lower on Thursday. Weakness in crude oil and the stock market weighed on corn prices. Further losses were limited by profit-taking on Wednesday's rally and the supportive weekly export sales report. Old-crop commitments of 31.2 million bushels were above trade expectations. May ended 5 cents lower at $3.58 1/2 and December was 6 cents lower at $3.87 3/4.



Soybean futures were strongly lower on Thursday. Outside market weakness and a disappointing weekly export sales report weighed on the market. Crude oil and the stock market were lower while the dollar was firm. Weekly export sales last week of 5.7 million bushels of old-crop were a marketing year low and well below pre-report trade estimates. May closed 16 1/2 cents lower at $8.52 and November was 10 3/4 cents lower at $7.99 1/2.



Wheat futures settled lower on Thursday. Spillover selling from corn and soybeans and weakness in the stock market weighed on wheat trade. Strength in the dollar was also a bearish factor. Weekly export sales of old and new-crop were 11.3 million bushels, which fell below trade expectations. However, futures losses were limited by short-covering. CBOT May ended 8 cents lower at $5.15, KCBT May was 7 cents lower at $5.60 and MGE May closed 5 1/2 cents lower at $6.00 1/2.



Cattle futures closed mixed on Thursday. The losses were triggered by spillover pressure from the stock market, which posted big losses again today. Beef prices had moved higher this week, but midday choice beef prices were slightly lower. April ended 75 cents lower at $83.90 and June was 70 cents lower at $82.35.



Lean hog futures settled mixed on Thursday. Weakness in the stock market and lower pork prices weighed on futures most of the session. But nearby contracts rebounded late in the day on continued strength in the cash market and expectations for mostly firm bids again on Friday. April closed 10 cents higher at $62.43 and June was 43 cents higher at $73.18.