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 9 Higher as of 7:15 a.m. CST
21 minutes ago

Corn: For a second straight session, the corn market refused to sell off by closing well off session lows. With historically tight global stock levels, this is expected to continue until more is known about the 2011 crop.

Soybeans: Selling interest seemed to dry up from the noncommercial side while commercial buying allowed bean contracts to close only marginally lower.

Wheat: Similar to the other grains, Chicago wheat appeared to run out of selling interest from the noncommercial side. However, underlying fundamentals remain bearish near-term.

Live Cattle: The cattle market added on to this week's impressive gains as concern grows over the availability of longer-term supplies.

Cotton: Fresh technical buying and bullish fundamentals allowed March cotton to lock limit up (7 cents) at a new all-time high, setting up the likelihood of $2/pound being tested Thursday.

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