Today's Market View Corn Futures Expected to Open 4 to 6 Higher as of 7:15 a.m. CDT
28 minutes ago
Corn: Spillover noncommercial selling from the other grains and outside markets led to a sharply lower close in corn. Tuesday's setback did nothing to change the bullish market structure corn possesses.
Soybeans: Follow-through long-liquidation by the noncommercial side led to sharp double-digit losses, turning the short-term trend down in the process.
Wheat: Despite some of the worst condition ratings for the HRW wheat crop on record, contracts at all three exchanges were caught up in the commodity-wide sell-off.
Live Cattle: As was the case with most commodities, cattle contracts posted sharp triple-digit losses on long-liquidation by the investment side of the market.
Cotton: The cotton market wasn't immune to the broad based collapse in commodities, though a late round of commercial buying trimmed losses.