Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open Steady to 1 Higher as of 7:15 a.m. CST
21 minutes ago

Corn: Corn settled above $7.00 Friday on follow-through buying from noncommercial and commercial traders. This sets up a possible test of the all-time high of $7.65 on the continuous weekly chart.

Soybeans: A second straight session of sharp losses Friday was sparked by selling from both sides of the market as underlying near-term fundamentals continue to grow more bearish.

Wheat: The wheat market followed corn higher once again Friday. Traders will also pay close attention to global weather in Ukraine (possible freezing temps) and the Southern Plains (up to 70 degree temperatures) next week.

Cotton: Nearby cotton settled over 22 cents higher in the nearby March contract as the trend continues to explode to the upside.

Live cattle: Live cattle contracts were mostly lower Friday on pressure from both sides of the market as the short-term trend remains sideways.

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