Today's Market View - Grains and Meats

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TFC Commodity Trading Forum

Today's Market View Corn Futures Expected to Open 9 to 11 Higher as of 7:15 a.m. CDT
23 minutes ago

Corn: Old-crop corn futures surged higher on renewed buying from both sides of the market tied to continued rumors of impending Chinese purchases.

Soybeans: The bean market would have closed lower due to a lack of fresh news if not for the spillover support from the sharp rallies in old-crop corn and wheat.

Wheat: Ongoing dry conditions in the southwestern Plains, flood concerns in the Northern Plains and a sale to China sparked a sharp rally at all three exchanges.

Live Cattle: A large increase in export sales to Japan from last week of about 2,500 tons sparked a sharp rally in cattle contracts Thursday.

Cotton: Robust export sales and continued strength in domestic mill consumption sparked follow-through buying from commercial and noncommercial traders as the nearby contracts closed near limit-up (7 cents).

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