Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open 5 to 6 Higher as of 7:15 a.m. CST
23 minutes ago

Corn: March corn closed within one cent of the previous high at $6.67 Tuesday, setting up another test for Wednesday in extending the solid uptrend.

Soybeans: The nearby March contract posted a sharp gain and closed above the previous high on strong buying from noncommercial and commercial traders.

Wheat: Chicago wheat posted losses for a large part of the session as underlying fundamentals remain bearish near-term.

Cotton: Another day of sharply lower trade in the dollar supported cotton and led to a fresh set of contract highs for both old-crop and new-crop issues.

Live cattle: Cattle contracts settled mostly higher on spillover support from corn and concern over the massive winter storm moving across the U.S.

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