Today's Market View Corn Futures Expected to Open 6 to 8 Lower as of 7:15 a.m. CDT
18 minutes ago

Corn: Tremendous spillover selling from the collapse in outside markets sparked a near limit-down sell-off in corn, putting the December contract in position to test key resistance near $6.42, though the market is well into an oversold condition.

Soybeans: November beans posted a 6-month low Thursday on continued selling from both sides (noncommercial and commercial) of the market, taking beans into an extremely oversold situation technically.

Wheat: December Chicago wheat posted a fresh 14-month low on strong spillover selling from the sharp rally in the U.S. dollar index as the downtrend continues to strengthen while fundamentals remain bearish.

Live Cattle: Cattle contracts closed at or near limit-down (3-cents) as a broad-based commodity wide sell-off tied to global economic concerns led to selling from both sides of the market.

Cotton: Not to be left out of all the selling enthusiasm, cotton contracts closed near limit-down (4-cents) on continued noncommercial long-liquidation that took the December contract to a close below key price support.

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