Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open 9 to 10 Lower as of 7:15 a.m. CST
24 minutes ago

Corn: Corn closed with slight losses Monday on spillover selling from the weaker soybean market and a lack of commercial support.

Soybeans: Bullish export news was ignored by the market as noncommercial traders seem unwilling to add on to their near record-large net-long futures position.

Wheat: Improving demand and concerns acreage will be lost to corn or soybeans supported wheat futures Monday on noncommercial buying.

Cotton: Another day, another set of contract highs and limit-up trade (expanded to 5 cents) as fundamentals remain bullish and noncommercial traders add to their sizeable net-long futures position.

Live cattle: The larger-than-expected December placement numbers pressured cattle contracts to sharp losses Monday on selling by noncommercial and commercial traders.

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