Barley Commodity Markets, Prices & Futures

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Latest News From Markets
Grains end lower except corn after USDA makes on only slight adjustments in the June WASDE. Oliver Sloup, Blue Line Futures, says now the market will prep for the month end reports and watch weather.
For 2024, USDA raised its pork production forecast 40 million lbs. on a more rapid pace of second-quarter slaughter and higher dressed weights. USDA lowered its 2024 beef production forecast 5 million lbs.
Grains mixed after the WASDE with very few changes for corn and soybeans. Wheat did see slightly lower U.S. ending stocks and Russian, EU and Ukraine production dropped a total of 8 mmt says Jim McCormick, AgMarket.Net.
Cattle rally on strong cash but face a tug of war due to bird flu news says Scott Varilek, Kooima Kooima Varilek. Hogs try to follow but struggle with sliding cash. Row crops higher, wheat lower correcting pre- report.
Matt Bennett, AgMarket.Net, says traders evened positions Tuesday going into the USDA reports. However, he’s expecting very few revisions on a U.S. basis so he’s looking at global numbers.
Grains see a corrective day and WASDE report positioning with wheat sharply higher, row crops lower. Matt Bennett, AgMarket.Net, says cattle also saw profit taking ahead of the Fed announcement.
The international monetary and reserve system is gradually moving away from dollar dominance.
The World Bank raised its global economic growth forecast for this year to 2.6%, up from January’s 2.4%, driven by strong U.S. economic expansion. However, it warns that. . .
Boosted by the popularity of forage policies, crop insurance coverage exceeded 500 million acres in 2023, marking the highest level ever.
Randy Martinson, Martinson Ag, says he was impressed with how corn and soybeans managed to end higher on Monday, despite the collapse in wheat.
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