Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open 10 to 12 Lower as of 7:15 a.m. CST
23 minutes ago
Corn: While wheat and beans posted strong losses for the week, corn settled with light losses, which is a testament to how bullish its longer-term market structure is.

Soybeans: The short-term trend turned down Friday as bean contracts finished sharply lower on renewed selling interest from both noncommercial and commercial traders.

Wheat: As with beans, the short-term trend turned down Friday on pressure from both sides of the market as near-term fundamentals remain bearish at all three exchanges.

Live Cattle: Cattle contracts were mostly lower following the weakness in the overall commodity complex, though contracts closed near their highs.

Cotton: When the market reopens Monday evening it may be locked limit-down (7 cents) as option trading was shut down Friday after the lead month traded at a synthetic price double the daily limit.

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