Commodity Markets, Prices & Futures

Despite being lower for the week, the grain markets all closed higher on Friday and might have been putting in risk premium says Jerry Gulke, president of the Gulke Group.

Grains close higher on short covering and putting in some risk premium.  Live cattle ended higher with steady Southern cash. Hogs broke above chart resistance. Rich Nelson, Allendale, Inc. covers it all.  

Pro Farmer recaps the week's price action for soybeans and shares outlook broken down into the next 5, 30 and 90 day segments.

Scott Varilek, Kooima Kooima Varilek says live cattle see pressure ahead of cash news and COF but have absorbed a lot of bearish news. Hogs consolidate, with short covering in grains putting in war premium.

Sales of E15 fuel blends this summer is another concern.

Soybeans continue to see South American hedge pressure and that is dragging down corn says Arlan Suderman of StoneX.

The International Grains Council (IGC) cut its forecast for 2024-25 global corn production by 7 MMT.

Soybeans make near term lows pulling down corn, wheat bounces on crop concerns. Cattle firm ahead of the COF, while outside markets continue to watch geopolitical developments. Arlan Suderman, with StoneX, has more.