Today's Market View Corn Futures Expected to Open Steady to 1 Lower as of 7:15 a.m. CDT
24 minutes ago
Corn: Strong buying from both sides has the market posting solid gains and puts the nearby September contract in position to test long-term resistance near $7.39 in the near future.
Soybeans: Light commercial buying has emerged in the new-crop market, likely due to increasing concerns over August high temperatures.
Wheat: Noncommercial short-covering combined with commercial buying to push wheat contracts higher on all three exchanges.
Live Cattle: Light commercial support offset most of the pressure coming from heavy noncommercial selling linked to the sharp sell-off in the DJIA.
Cotton: Commercial buying in the new-crop market helped contracts post solid gains. After testing long-term support the market may be trying to re-establish an uptrend.
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