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TFC Commodity Trading Forum

Commodity Markets / Grains and Meats *LINK*

Today's Market View Corn Futures Expected to Open 8 to 10 Higher as of 7:15 a.m. CDT
21 minutes ago

Corn: The market structure continues to grow more bullish longer-term reflected by the weakening carry in futures spreads and the strengthening uptrend.

Soybeans: As with corn, the commercial outlook is growing more bullish longer-term, tied to the idea production is less than USDA currently estimates.

Wheat: Concern acreage will decline in winter wheat this fall and spring wheat production is down domestically continues to spark buying interest from both sides of the market.

Live Cattle: Live cattle contracts closed the week with marginal gains, though sharp losses for the week put the October contract in position to test initial support at 114.50 this week.

Cotton: The recent collapse in cotton may be sparking fresh demand reflected by the strengthening inverse in the December-to-March futures spread.

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