Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open 1 to 2 Lower as of 7:15 a.m. CST
20 minutes ago

Corn: Noncommercial long liquidation pulled March corn back below $7 Monday, and with this side continuing to hold a near record large net-long futures position further pressure could emerge.

Soybeans: For a third straight day soybean contracts posted double digit losses and may be reaching oversold conditions, though commercial traders are growing more bearish near term.

Wheat: Bullish headline after bullish headline continues support wheat. Most of the news is tied to weather and concerns 2011 global production could be negatively affected by events similar to 2010.

Live Cattle: Strong noncommercial buying allowed for triple digit gains Monday as contracts back toward contract highs.

Cotton: Overbought conditions after last week's significant rally led to sharp losses Monday on noncommercial long liquidation.

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