Chicago Wheat Commodity Markets, Prices & Futures
Use the chart below to check futures prices for soybean meal. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From Chicago Wheat
Is it possible the wheat market is finally seeing the same paradigm shift that’s already taken place in the corn market? Jerry Gulke is watching several signals for an answer, including speculator activity in the wheat market.
The conflict in Ukraine has been a focus for certain markets, such as wheat, since Russia first invaded the country nearly three years ago. This past week, President Donald Trump said negotiations to end the war would start “immediately.”
Scott Varilek, Kooima Kooima Varilek, says grains are rallying but cattle are seeing some selling pressure again ahead of a three day weekend but are holding chart support.
Jerry Gulke, president of the Gulke Group, says grains took a pause Friday in preparation for the February WASDE but is in the critical price discovery process before planting.
Dave Chatterton, Strategic Farm Marketing, says grain markets rebounded late session led by wheat.
Darin Newsom with Barchart says ag markets continue to ride the roller coaster of headlines about tariffs and policy changes being imposed by the Trump Administration. This is driving fund and algorithm trading.
John Heinberg, Total Farm Marketing, says grains opened lower on Monday but recovered shortly after the opening when news broke that the U.S. would delay tariffs on Mexico for 30 days to allow negotiations.
Brad Kooima, Kooima Kooima Varilek, says grain and livestock futures opened mostly lower in response to tariffs imposed on China, Canada and Mexico over the weekend and retaliatory measures from those countries.
Bryan Doherty with Total Farm Marketing says most markets had a negative reaction to to the 25% tariffs on Mexican and Canada starting this weekend and possible retaliation.
Randy Martinson, Martinson Ag, says grain and hog markets opened lower reacting to President Trump announcing Thursday afternoon the U.S. would be moving ahead with 25% tariffs on Mexico and Canada on Feb. 1.