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
Shawn Hackett, Hackett Financial Advisors, says soybeans rally with corrective buying following meal, but corn and wheat end mostly lower ahead of USDA Reports.
There are concerns about potential fraud in used cooking oil (UCO) trade as demand for feedstocks to produce biofuels in the U.S. increases.
Ag markets are mostly lower Monday except cattle and nearby soybeans. The record cash cattle trade is trumping the bearish Cattle on Feed Report, says Scott Varilek, Kooima Kooima Varilek.
Chuck Shelby, Risk Management Commodities, says every year weather can make the markets volatile, making it difficult for farmers to price their grain or do risk management.
Although a strike is not imminent, shippers are taking the threat seriously, with some diverting cargo to West Coast ports to avoid disruptions.
A recap of the week’s price action, with outlook for the next 5, 30 and 90 day segments.
Milk prices had a nearly $5 rally from the April lows but have since pulled back. Bryan Doherty, Total Farm Marketing, says cheese prices will dictate where prices head next and so far consumer demand has stalled.
The new CBO projections “prove what we have been saying all along: the House Republican farm bill is unpaid-for, relying on magic math and wishful thinking,” Senate Ag Chair Debbie Stabenow (D-Mich.) said.
Michigan’s ag department will provide the grant money for to up to 20 farms from its emergency response funds.
The Fed is expected to start lowering interest rates by the end of the year. Darin Newsom, Senior Market Analyst with Barchart, says this may keep fund money away from the grain markets.