Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open 4 to 6 Lower as of 7:15 a.m. CST
23 minutes ago

Corn: With last week's sharp losses a short-term downtrend was established, leaving the market susceptible to follow-through noncommercial long-liquidation this week.

Soybeans: Noncommercial traders continue to liquidate a portion of their net-long futures position, setting the stage for a larger sell-off in coming weeks.

Wheat: Contracts at all three exchanges lost over $1.00/bushel last week on strong selling from both the noncommercial and commercial sides of the market.

Live Cattle: Strong gains were posted in the live cattle market last week with the nearby contract closing near its all-time high as the uptrend continues to strengthen.

Cotton: After the cotton market posted a new all-time high early in the week, renewed noncommercial selling led to a lower weekly settlement, though the trend remains up.

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