Today's Market View Corn Futures Expected to Open 2 to 4 Lower as of 7:15 a.m. CDT
25 minutes ago
Corn: Corn contracts were on the defensive for a second straight day, though the close well off session lows could lead to a rally Friday as traders look ahead to next week's heat wave.
Soybeans: The bean market posted modest gains on spillover support from the dollar's move to a fresh 6-week low, keeping the November contract in position to test its previous high.
Wheat: Increased concerns about a drop in U.S. exports due to larger production in Russia and Ukraine sparked a sharp double-digit selloff Thursday as underlying fundamentals grow more bearish.
Live Cattle: Nearby live cattle contracts found support from strong commercial buying tied to a bullish export sales report and talk placements will drop again in Friday's cattle on feed report.
Cotton: Cotton futures finished down for a fifth time in six days in large part due to the bearish export sales report and news manufacturing activity in China shrank for the first time in a year.
Since 1996 by request from many traders new and old hands at trading I was ask to post my calls at that time on AOL Commodity forum board. I did and it soon turned into my E mail service called Market Pick, posting my calls in advance of the markets and offering in my trading course.
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Sept. T-bond Option Strategy P/L..+ $ 13,378.
Oct. T-Bond Option Strategy P/L.-($ 1,504.)
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Dec. T-Bond Option Strategy P/L..+ $ 8,999.
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To review comments about my trading course and Market Picks click on link below. Send E mail request (please fill in subject box saying, send Trading Course Information) Market Picks are no longer available because of health issues.
USCoralSea
http://www.wfaa.us/coral
