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
Chuck Shelby, Risk Management Commodities, says grains end lower. Row crops see profit taking, with harvest pressure in wheat. Cattle made new near-term highs pushed by record cash, hogs bounce.
The U.S. is worried the port’s ability to handle megaships directly between Peru and China could shift trade dynamics, making it easier for China to extract and control South American resources.
Darin Newsom, Senior Market Analyst at Barchart, says grains down early on profit taking and hedge pressure in wheat, but watching weather and demand. Cattle continue higher following cash.
The landscape for U.S. renewable diesel production has changed dramatically, similar to the growth of ethanol and biodiesel in the past two decades, according to a report from USDA’s Foreign Agricultural Service.
La Niña patterns tend to produce hotter conditions across the central and eastern United States.
Scott Varilek, Kooima Kooima Varilek, is still optimistic the cattle market will be able to achieve all-time highs again in both cash and futures in the next few months.
The higher day in corn after the WASDE was encouraging to Oliver Sloup, Blue Line Futures, “I’ve kind of been telling folks no new bearish news, is actually good news,” he explains.
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.