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.