Today's Market View Corn Expected to Open 6 to 8 Higher as of 7:15 a.m. CDT
20 minutes ago
Corn: The corn market established a short-term downtrend Tuesday as contracts posted sharp limit-down losses on continued noncommercial long-liquidation.
Soybeans: The downtrend in soybeans continues to strengthen setting up a possible test of initial price support near $12.20 in coming days.
Wheat: Spillover pressure from the other grains and follow-through commercial selling led to sharp losses Tuesday. Fundamentals continue to grow more bearish in both old-crop and new-crop markets.
Live Cattle: Cattle contracts settled limit down on collapsing cash prices and spillover noncommercial interest from the commodity-wide collapse.
Cotton: The cotton market struggled along with a broad range of commodities tied to the possible nuclear meltdown in Japan and unrest in North Africa and the Middle East.