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TFC Commodity Trading Forum

Today's Market View - Grains and Meats

Today's Market View Corn Futures Expected to Open 6 to 7 Lower as of 7:15 a.m. CDT
22 minutes ago

Corn: Despite prices remaining near record highs, fundamentals are growing more bullish in corn, indicating demand rationing has yet to occur.

Soybeans: It was a disappointing day in soybeans as solid overnight gains were replaced by sharp losses tied to talk China could cancel previous purchases.

Wheat: Chicago wheat found support from the surging corn market and follow-through commercial buying interest hinting at improved demand possibly in feed rations.

Live Cattle: Live cattle contracts were lightly mixed in a quiet session with traders stepping to the sideline after last week's volatility.

Cotton: Solid gains were posted in both old-crop and new-crop markets as underlying fundamentals continue to grow more bullish, as indicated by the strengthening inverted futures spreads.