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
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Services, grains square ahead of WASDE, while cattle make new highs.
USDA will begin issuing final Emergency Relief Program (ERP) payments totaling approximately $306 million to eligible commodity and specialty crop producers who incurred losses due to natural disasters in 2020 and 2021.
A bipartisan border deal and foreign aid package is likely to fail in the Senate this week due to strong opposition from former President Trump and leading House Republicans.
Cattle futures recover after Monday’s chart damage, hogs consolidating for the 5th day. Soybeans build on Monday’s reversal, while corn is consolidating above support. Brad Kooima, Kooima Kooima Varilek, has more.
Brian Grete, editor of Pro Farmer says, “Soybeans saw mostly corrective buying as funds have built a short position and may be covering some of those contracts heading into the WASDE report on Thursday.”
Grains mixed as soybeans see corrective buying, wheat falls on dollar strength, corn caught in the middle. Funds take profits in cattle after hitting chart resistance, hogs consolidate. Brian Grete, ProFarmer, has more.
Former President Donald Trump hinted at imposing tariffs on Chinese goods exceeding 60% if re-elected, signaling a more aggressive stance towards China, which is the primary supplier of goods to the United States.
Grains Start Lower as Funds Add to Near Record Short Position: Cattle Extend Gains, Hogs Consolidate
Grains lower as funds continue to sell on Brazil harvest pressure & rain in Argentina. Cattle extend gains with higher cash ideas, hogs see profit taking & hedge pressure. Kent Beadle, Paradigm Futures has details.
“The fund selling in grains isn’t just about China and Brazil, but also the carry in the markets. That is your theme,” says John Payne with Hedge Point Global Markets.
AgDay TV Markets Now: John Payne with Hedge Point Global Markets says soybeans and corn down for the week with soybeans back below $12.