Today's Market View Corn Futures Expected to Open Higher as of 7:15 a.m. CDT
20 minutes ago
Corn: It was a throw-away-day for corn Wednesday. The December contract closed unchanged as traders took to the sideline ahead of Thursday morning's USDA reports.
Soybeans: The soybean market finished slightly higher Wednesday in quiet activity. The supply and demand and production reports are expected to be neutral with only slight changes anticipated.
Wheat: Noncommercial traders continue to cover positions from their largest net-short futures position in over a year. However, fundamentally the market remains bearish and should cap rally attempts.
Live Cattle: Live cattle contracts slipped lower on selling from both sides of the market tied to the continued collapse in the DJIA that traded over 500 points lower for the third time in five sessions.
Cotton: Wednesday's solid rally in cotton will be considered a technical bounce off support by bulls and a "dead cat bounce" by bears, though commercial interest was noted supporting the bull's argument.
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