Today's Market View Corn Futures Expected to Open 5 to 7 Lower as of 7:15 a.m. CDT
33 minutes ago
Corn: Corn recovered by posting sharp gains Friday. The bottom line is extended sell-offs should be kept at bay by the general consensus that production will fall well below USDA's current 12.9 billion bushel projection.
Soybeans: It was a bullish week for beans as a bullish breakout was formed. And with the commercial outlook growing more bullish as well, contracts should push to new highs this week.
Wheat: While the commercial outlook is growing more bearish in Chicago wheat, the Kansas City and Minneapolis markets remain neutral to bullish longer-term.
Live Cattle: Strong noncommercial short-covering to end the week sparked sharp gains in live cattle contracts, though the short-term trend remains firmly down.
Cotton: It was another quietly mixed day Friday as cotton traders wait for some type of fresh news to break the market out of its well entrenched sideways trend.
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