Today's Market View Corn Futures Expected to Open 6 to 7 Lower as of 7:15 a.m. CDT
22 minutes ago
Corn: Light noncommercial selling from the stronger U.S. dollar had the corn market under pressure. However, commercial support continues to hold sellers at bay.
Soybeans: Contracts continue to drift lower after the recent test of the high side of the long-term sideways trend. Most factors remain neutral to bearish, except for the low market volatility.
Wheat: The recent round of noncommercial short-covering may have come to an end in the Chicago market, pushing contracts lower as commercial selling continues.
Live Cattle: Light noncommercial buying was noted, as well as commercial interest in the deferred contracts. Longer term, though, the market could see increased pressure.
Cotton: Commercial sellers were back in the market as the carry in new-crop futures spreads strengthened again. Longer term, the trend remains down.
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