Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

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.

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