Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open 5 to 7 Lower as of 7:15 a.m. CST
24 minutes ago

Corn: The nearby March contract posted a new high for the move at $7.12 3/4 as the long-term uptrend remains firmly intact, setting up a possible higher settlement for a third straight week.

Soybeans: Renewed noncommercial buying pushed the March to August bean contracts back above $14.00 avoiding the establishment of a short-term downtrend.

Wheat: Chicago wheat was an unwilling follower Thursday of the other grains limited by commercial selling, though contracts settled double-digits higher with a late round of noncommercial buying.

Live Cattle: Cattle traded in wide range Thursday, ultimately finding a fresh round of buying from the strong rally in corn as concerns mount over future cattle supplies.

Cotton: Old-crop cotton settled limit-up and at a new record high for a second consecutive session as volatility remains extremely high. What else is new?

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