Today's Market View Corn Futures Expected to Open 6 to 8 Higher as of 7:15 a.m. CDT
22 minutes ago
Corn: December corn posted another new contract high Friday at $7.68 1/2 and closed near that level setting the stage for a test of the record high on the continuous weekly chart at $7.99 3/4 in coming weeks.
Soybeans: November soybeans finally broke out of their sideways trend in place since mid-March by closing sharply higher after printing a new contract high on strong buying interest from both sides of the market.
Wheat: Chicago wheat struggled to keep up with the other wheat complex members due to a lack of commercial interest. Kansas City and Minneapolis closed sharply higher on production concerns for both domestically.
Live Cattle: Live cattle staged an impressive day following the lead of the broad based commodity rally with most of the spillover buying coming from the dramatic turnaround in the DJIA.
Cotton: Not to be outdone, cotton also got in on the act Friday by finishing with solid gains, though the December contract may continue to struggle in overcoming initial price resistance near $109.
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