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TFC Commodity Trading Forum

Today's Market View - Grains and Meats

Today's Market View Corn Futures are 3 to 4 Higher at 6 a.m. CST
40 minutes ago

Corn: For a second straight day, March corn failed to overcome resistance at the November high of $6.05, though closed above $6.00 for the first time since July 2008.

Soybeans: Another new high for the recent rally was posted in January beans as the market looks poised to test the November high at $13.37 3/4 on the continuous weekly chart as early as today.

Wheat: Chicago wheat was an unwilling follower of the other grains Tuesday with pressure tied to bearish fundamentals and the stronger U.S. dollar index.

Live Cattle: Solid gains were posted in cattle contracts once again as the uptrend is strengthening due to solid fundamentals and noncommercial buying interest.

Cotton: The nearby March contract settled at an all-time high and limit-up (5 cents), while new-crop contracts sustained losses. Longer-term fundamentals remain bullish, which should support both old-crop and new-crop issues moving forward.