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.
Check out our location-based Cash Grain Bids tool here!
Latest News from Markets
Brad Kooima of Kooima Kooima Varilek says the cash cattle market put in a low last week and futures were sharply higher so the market just feels better. Soybeans and corn may have put in seasonal lows but he cautions further upside may be capped by harvest pressure.
Corn and wheat ended higher for a third week, while soybeans have put in four weeks of higher closes. Alan Brugler thinks wheat might be trying to forge a low, but it might be too early to make that call on corn and soybeans.
We recap this week’s price action and provide outlook for the next 5, 30 and 90 day segments.
Scott Varilek with Kooima Kooima Varilek says early cash has been steady at $181 in the South helping to push cattle futures. Row crops are extending gains post WASDE, while wheat adds weather premium.
The House approved the Protecting American Agriculture from Foreign Adversaries Act, aimed at increasing oversight of farmland purchases by foreign investors, particularly those from China, Russia, Iran and North Korea.
Dave Chatterton, Strategic Farm Marketing, says soybeans fell on a combination of factors including higher yield ideas in the USDA Report.
Reuters reported USDA Secretary Tom Vilsack is “confident” the clean fuels tax credit will be finalized by end of the Biden administration in January.
Dave Chatterton, Strategic Farm Marketing, says soybeans saw profit taking with better than expected ratings, reigniting fears of higher yields in the September WASDE. Corn saw spillover from lower soybeans and crude oil.
Arlan Suderman, Chief Commodities Economist with StoneX, says record yields may already be priced into the market but USDA will need to verify that or corn and soybeans may retest the lows.
The decline was partially due to lower total national supply (down 1% to 38.7 MMT).