Today's Market View Corn Futures Expected to Open 5 to 6 Lower as of 7:15 a.m. CDT
19 minutes ago
Corn: Contracts posted a solid rally on renewed buying interest from both sides of the market. Despite this week's upturn the long-term trend remains down.
Soybeans: The sideways trend remains in place, with renewed noncommercial buying interest driven by low market volatility sparking the latest rally.
Wheat: Despite increasingly bearish fundamentals, the market was able to rally. Continued noncommercial short-covering tied to the weaker U.S. dollar index provided support.
Live Cattle: Strong support from the general trend in commodities and lower U.S. dollar index supported the live cattle market. Commercial buying was also noted.
Cotton: Contracts posted strong gains, led by the new-crop December. Some weakening of the carry was noted in the deferred contracts, indicating commercial buying.
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