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
Tomm Pfitzenmaier with Summit Commodity Brokerage, says historically, when corn and soybeans have a fall rally in August and September the markets top out in the October.
The U.S. Trade Representative’s (USTR) office and USDA on Monday detailed strides made in expanding market access and boosting agricultural exports for U.S. producers.
Randy Martinson, Martinson Ag, says funds continue to cover shorts in the grain markets but there are some fundamentals also helping to support the rally.
Kent Beadle, Paradigm Futures says corn continues to move higher on fund buying and tighter corn stocks from USDA’s Quarterly Stocks Report. He thinks corn could eventually take out resistance on the charts and move higher.
Chip Nellinger, Blue Reef Agri-Marketing, says most of the strength in corn and wheat was due to end of quarter fund short covering.
Jim McCormick, AgMarket.Net says the corn stocks were friendly under expectations at 1.76 billion bushels due to better feed demand and that data is supportive for the corn market.
Joe Kooima, Kooima Kooima Varilek, says grains and livestock futures are trading mixed as traders position and take profits end of quarter and await the USDA report numbers out at 11 am.
Russia hiked the export duty for corn almost tenfold, marking the first sign of export curbs amid lower corn crop forecasts.
Naomi Blohm, Total Farm Marketing, says corn and soybeans have rallied into chart resistance and will need three main fundamental factors to combine to keep prices moving higher.
November soybeans rallied 24 3/4 cents to $10.65 3/4 and surged 53 3/4 cents on the week. We share our outlook for the next 5, 30 and 90 day segments.