Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures are 1 to 3 Higher at 6 a.m. CST
41 minutes ago

Corn: If not for the sharp rally in soybeans, corn would have likely finished lower Monday as traders take a step back with prices well above $6.00.

Soybeans: The January bean contract posted a bullish technical signal Monday as it closed above initial price resistance near $13.70 on buying from both sides of the market.

Wheat: Wheat refused to rally Monday despite the weaker dollar and strong gains in soybeans. This could continue the balance of the week as traders liquidate a portion of their net-long futures position ahead of year-end.

Live Cattle: Expectations for steady cash prices this week led to solid gains in cattle as the strong uptrend remains firmly in place.

Cotton: A Chinese interest rate hike over the weekend led to losses in nearby cotton Monday, though the settlement was well off the expanded limit-down (6 cents) low.

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