Today's Market View Corn Futures Expected to Open 15 to 17 Lower as of 7:15 a.m. CST
23 minutes ago
Corn: The corn market got swept up in the commodity-wide collapse Tuesday and settled limit-down (30 cents) tied to rising tensions in the Middle East.
Soybeans: With the establishment of a short-term downtrend last week, noncommercial traders continued to liquidate a portion of their net-long futures position as Libya's government used military force against its citizens.
Wheat: A lack of commercial support and noncommercial pressure led most wheat contracts to settle limit-down (60 cents) strengthening the downtrend in the process.
Live Cattle: Triple-digit losses were posted in cattle contracts Tuesday as noncommercial selling hit a broad range of commodities hard.
Cotton: Overbought conditions and follow-through selling from both sides of the market led to limit-down (7 cent) losses for a second straight session Tuesday.