Today's Market View Corn Futures Expected to Open 1 to 2 Lower as of 7:15 a.m. CDT
18 minutes ago
Corn: Corn held up well once again despite pressure from outside markets as traders seem unwilling to sell against the wave of talk that USDA will need to lower its August yield and production estimates..
Soybeans: Soybeans closed fractionally mixed Thursday, with selling interest limited by reports of lower pod counts than 2010 on the Pro Farmer Crop Tour and news that South America will devote less acres to beans in favor of corn.
Wheat: A forecast putting the chance for La Nina redeveloping this fall at 50% sparked a solid-double digit rally in Kansas City wheat as underlying fundamentals grow more bullish longer-term.
Live Cattle: A late round of noncommercial short-covering activity allowed the cattle market to finish with modest gains, though the commercial outlook continues to grow more bearish.
Cotton: After failing to overcome key price resistance near $109 Wednesday, the December contract came under increased selling pressure from both sides of the market to close near initial support at last week's low of $100.52.
Since 1996 by request from many traders new and old hands at trading I was ask to post my calls at that time on AOL Commodity forum board. I did and it soon turned into my E mail service called Market Pick, posting my calls in advance of the markets and offering in my trading course.
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Oct. T-Bond Option Strategy P/L.- ($ 1,504.)
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