Today's Market View Corn Futures Expected to Open 6 to 8 Lower as of 7:15 a.m. CDT
33 minutes ago
Corn: Noncommercial long-liquidation continues to pressure the corn market with the December contract working toward key price support near $6.77.
Soybeans: With the short-term trend down and fundamentals growing more bearish, the November contract could soon test support near $13.40.
Wheat: The Chicago wheat market remains oversold and could find support from noncommercial short-covering this week, though bearish fundamentals could stand in the way.
Live Cattle: October live cattle ran out of buying interest last week after overcoming resistance, setting the stage for additional weakness this week.
Cotton: The cotton market could come under renewed noncommercial long-liquidation pressure this week after failing to overcome the previous week's high last week.
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