Today's Market View Corn Futures Expected to Open steady to 1 lower as of 7:15 a.m. CDT
23 minutes ago
Corn: Larger-than-expected cuts to yield and production took domestic ending stocks-to-use to the second tightest level on record and confirms the longer-term bullish supply and demand situation for corn.
Soybeans: It appears the establishment of a long-term downtrend will be avoided this week after USDA lowered production more than analysts were anticipating.
Wheat: If not for strong spillover support from corn and beans, wheat would have likely struggled Thursday given the large increase of over 6 mmt in world ending stocks.
Live Cattle: Strong buying from both commercial and noncommercial traders tied to the sharp rally in the DJIA led to triple digit gains Thursday and a close near session highs.
Cotton: A 550,000 bale increase in domestic production triggered selling from both sides of the market and solid losses as the nearby contract continues to hold precariously close to initial support near 97.35.
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Since 1996 by request from many traders new and old hands at trading I was ask to post my calls at that time on AOL Commodity forum board. I did and it soon turned into my E mail service called Market Pick, posting my calls in advance of the markets and offering in my trading course.
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