Today's Market View Corn Futures Expected to Open 1 to 2 Lower as of 7:15 a.m. CST
19 minutes ago
Corn: Corn held up well with fractional gains despite weakness in the other grains due to its bullish market structure -- strengthening uptrend and longer-term bullish commercial outlook.
Soybeans: Near-term fundamentals continue to grow more bearish in beans, seeming to indicate a cool down in export demand, which was confirmed in a less-than-expected old-crop export sales number.
Wheat: A lack of spillover support from outside markets and corn along with bearish near-term fundamentals led to 20-plus cent losses in Chicago and Kansas City contracts.
Cotton: Cotton pushed to another set of new highs on heavy buying from both noncommercial and commercial traders as contracts closed near or at expanded limit-up (7 cents) trade.
Live cattle: Sharp triple-digit gains were posted in live cattle Thursday as noncommercial traders added on to their net-long futures position.