Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open 7 to 8 Higher as of 7:15 a.m. CST
21 minutes ago

Corn: Noncommercial long-liquidation combined with a lack of commercial support led to sharp losses Tuesday as near-term underlying fundamentals continue to grow more bearish.

Soybeans: Heavy noncommercial selling pressured contracts back below $14.00 Tuesday. Of concern, is the continued strengthening of the carry in the nearby spread as the commercial outlook is on the verge of turning bearish.

Wheat: Food riots in Egypt offset spillover pressure from sharp losses in the other grains and allowed wheat contracts at all three exchanges to close higher.

Cotton: Cotton closed well off session highs on spillover noncommercial selling from the commodity-wide sell-off Tuesday.

Live cattle: Spillover pressure from corn and follow-through noncommercial long-liquidation pressured cattle contracts lower Tuesday.

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