Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open 2 to 4 Lower as of 7:15 a.m. CST
22 minutes ago
Corn: Old-crop corn rallied well off session lows and held up well in comparison to the other grains. The late rally was sparked by strong commercial buying.

Soybeans: Heavy noncommercial long-liquidation led to sharp losses in beans. Selling was sparked by record projections for Brazilian production and another large cancellation Tuesday morning.

Wheat: Strong selling from the noncommercial side pulled contracts at all three exchanges to 30-plus-cent losses. Given the bearish near-term fundamentals, additional downside potential exists.

Live Cattle: Commercial buying offset noncommercial pressure as cattle contracts posted modest losses Tuesday.

Cotton: Despite the sell-off Tuesday for commodities in general, the cotton market rebounded from the previous day's setback.

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