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TFC Commodity Trading Forum

Today's Market View - Grains amd Meats

Today's Market View Corn Futures expected to open 10 to 18 Lower at 7:15 a.m.
34 minutes ago

Corn: Fundamentally the market remains bullish longer-term, though technical weakness and renewed weakness in outside markets could spark further noncommercial long-liquidation.

Soybeans: The soybean market held up extremely well against the sell-off in the other grains and outside markets Wednesday by closing well off session lows. However, the commercial outlook is growing less bullish.

Wheat: All three wheat markets got swept up in the bearish wave of enthusiasm generated by the sharply higher dollar and weaker corn market despite a neutral WASDE report.

Live Cattle: All three wheat markets got swept up in the bearish wave of enthusiasm generated by the sharply higher dollar and weaker corn market despite a neutral WASDE report.

Cotton: December cotton fought back from sharp losses to close modestly lower on follow-through commercial selling interest tied to the sharp rally in the U.S. dollar index.

Since 1996 by request from many traders new and old hands at trading I was ask to post my calls at that time on AOL Commodity forum board. I did and it soon turned into my E mail service called Market Pick, posting my calls and offering in my trading course. I believe you will enjoy watching the markets after the market opens.

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