Commodity Markets, Prices & Futures
Use the chart below to check futures prices for commodities. Click the links for pricing on grains, livestock, oil and more and stay on top of what’s going on in the markets. Cash price reflects the USDA Chicago terminal.
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Latest News from Markets
John Heinberg of Total Farm Marketing, says, the selling was tied to inflation concerns with the CPI coming in hot at 3.7%.
While EPA’s SRE reallocation proposal was good news for the biofuels and agricultural industries the market seemed disappointed and faded into the close according to Jim McCormick with AgMarket.
Darren Frye with Water Street Solutions says part of bounce in corn was technical buying off support, plus the market was also trying to determine if USDA’s yield forecast is correct.
Brad Kooima of Kooima Kooima Varilek says last week’s technical breakout in cattle was a surprise to him due to the current fundamentals.
Jerry Gulke, president of The Gulke Group, says it doesn’t matter whether farmers believe the USDA report or not because it’s what the market is trading.
Brian Grete with Commstock Investments says a corn yield decrease was built in ahead of the report with average trade guesses .7 bu. lower than September. This is the largest October yield increase back to 2004.
Randy Martinson of Martinson Ag, says risk off selling in the grains was tied to harvest pressure and report squaring.
Grain markets were lower on Wednesday and again Thursday as the market positions ahead of the October WASDE. However, Cory Bratland with AgMarket.Net says weekly exports may have also added to the negativity.
The grain market was also seeing some squaring ahead of the October WASDE according to Rich Nelson of Allendale.
Grains and cattle were seeing some profit taking after the strong rally on Tuesday says Brady Huck of Empower Ag Trading.