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: Follow-through buying from last week's bullish technical reversal allowed corn contracts to close well off session lows as the commercial outlook continues to grow more bullish.

Soybeans: A lack of buying interest from commercial and noncommercial traders kept bean contracts on the defensive Monday as the short-term downtrend continues to strengthen.

Wheat: Minneapolis and Kansas City wheat along with the rally in corn led the Chicago market higher. However, near-term fundamentals remain bearish as indicated by the strong carry in the May-to-July Chicago futures spread.

Live Cattle: Noncommercial long-liquidation pressured most cattle contracts to triple-digit losses as the market continues to scale back from previous highs.

Cotton: Cotton gapped higher at the open and locked limit-up (7-cents) for a second straight day. The argument can be made that cotton possesses the most bullish fundamentals in all of commodities.

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