Today's Market View Corn Expected to Open 12 to 14 Higher as of 7:15 a.m. CDT
23 minutes ago
Corn: The market structure for old-crop corn continues to grow more bearish due to follow-through noncommercial long liquidation and increasingly bearish near-term fundamentals.
Soybeans: Renewed noncommercial interest tied to excessive rains in Brazil possibly cutting into yields allowed contracts to post solid gains Wednesday.
Wheat: Spillover pressure from the collapse in corn and commercial selling pulled contracts lower and well off session lows Wednesday.
Live Cattle: Nearby cattle closed limit-down for second straight day tied to softer cash prices and technical selling setting the stage for further long liquidation Thursday.
Cotton: Cotton failed to hold early gains with the May contract trading in a range of over 12 cents resulting in a sharply lower settlement.