Today's Market View Corn Futures Expected to Open Steady to 1 Lower as of 7:15 a.m. CDT
25 minutes ago
Corn: Not only did May corn print a new all-time high of $7.70 3/4 but it closed above the previous high of $7.65 as the uptrend continues to strengthen.
Soybeans: The near-term commercial outlook is growing more bearish, providing little resistance to offset continued long-liquidation in soybeans.
Wheat: Chicago wheat contracts gave back a small portion of Monday's sharp advance on light noncommercial long liquidation.
Live Cattle: Strong losses were posted in the live cattle market, though contracts were able to close well off session lows on a late round of noncommercial buying.
Cotton: The nearby May contract surged back above $2/pound while new-crop December posted a new contract high on support from both sides of the market.