Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open Steady to 2 Higher as of 7:15 a.m. CDT
22 minutes ago

Corn: Corn reversed course Friday on a classic example of "buy the rumor, sell the fact" after a 1.25 million metric ton sale was announced to unknown destinations.

Soybeans: Last week saw quiet trade in soybeans with a 4 1/2 cent loss as contracts continue to bide their time ahead of the Prospective Plantings report Thursday morning.

Wheat: Wheat contracts continue to be limited by bearish fundamentals and ideas world production will increase from areas such as Russia and the Ukraine.

Live Cattle: Live cattle contracts were sharply higher posting a new record high and closing within 5 cents of that high Friday.

Cotton: Cotton contracts were mixed Friday with old-crop issues posting sharp losses while new-crop December posted a light gain as traders remained concerned over acreage.

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