Today's Market View Corn Futures Expected to Open 5 to 7 Lower as of 7:15 a.m. CDT
21 minutes ago
Corn: The short-term market structure continues to grow more bearish as the carry in the December-to-March and March-to-May futures spreads strengthens.
Soybeans: With the short-term trend now down in soybeans, pressure from the commercial side of the market could extend the recent sell-off.
Wheat: The Chicago market remains oversold, a technical factor that could spark a short-lived round of noncommercial short-covering.
Live Cattle: Contracts continue to post strong gains as commercial buying provides support. Add in the short-term strength of the Dow Jones Industrial Average and cattle seem ready to run.
Cotton: The market continues to finds solid buying interest from both sides. Inverted futures spreads continue to reflect a bullish commercial outlook.
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