Today's Market View Corn Futures Expected to Open Mixed as of 7:15 a.m. CDT
36 minutes ago
Corn: Traders continue to turn their attention to the new-crop market as the December contract gained on old-crop issues again Friday. Driving interest in the new-crop continues to be concern over spring fieldwork delays in most of the Midwest and Delta.
Soybeans: The market established a short-term downtrend last week, which could lead to further noncommercial long-liquidation this week. Fundamentally the market is also growing more bearish, as indicated by the strengthening carry in futures spreads.
Wheat: The area that needed moisture the most in the Southern Plains missed out this past week and there are flooding concerns in the northern Plains, but wheat contracts at all three exchanges posted sharp losses last week against all fundamental logic.
Live Cattle: Collapsing cash prices coupled with concerns rising gas prices could cut into demand sparked follow-through noncommercial long-liquidation Friday.
Cotton: New-crop cotton was sharply lower last week on noncommercial selling tied to overbought conditions, though the market structure remains bullish, led by strong fundamentals.