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TFC Commodity Trading Forum

Today's Market View - Grains and Meats

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

Corn: Corn contracts posted strong gains as traders remain concerned excessively hot conditions during pollination in Argentina will shrink the already tight global stocks situation further.

Soybeans: Buying interest from the noncommercial side seemed to dry up after bean contracts posted new highs for the recent move.

Wheat: A sharp double-digit rally in wheat was sparked by bullish export news as Egypt bought 60,000 mt, while Iraq and Turkey tendered for 400,000 mt with the U.S. expected to be a front-runner.

Live Cattle: Live cattle contracts were quietly mixed in a thinly-traded session. Trade volumes are expected to remain thin through the balance of the week.

Cotton: Volatility remains high in cotton as most contracts closed lower on noncommercial long-liquidation after posting sharp gains early in the session