Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open Steady to 1 Lower as of 7:15 a.m. CST
22 minutes ago

Corn: The market extended its uptrend Wednesday on buying from both sides of the market tied to the tightening supply and demand situation globally and domestically.

Soybeans: The bean market followed corn higher as Wednesday morning's WASDE report was considered neutral. Domestic ending stocks were left unchanged, while global supplies decreased slightly.

Wheat: Wheat also followed corn higher, posting new highs for the move as most contracts in Kansas City and Minneapolis closed above $10.00.

Cotton: Cotton pushed to another all-time high on buying from both sides of the market tied to the weaker dollar and the long-term bullish market structure.

Live cattle: Live cattle contracts traded in wide ranges Wednesday, finally finishing marginally higher in nearby months and modestly higher in deferred issues on spillover support from corn.

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