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
In “First Thing Today” we noted the Biden administration announced the Indo/Pacific Economic Framework (IPEF) to counter China’s influence in the region. IPEF, consists of four pillars that seek to:
Monday’s markets were mostly higher except for soybeans. Grains saw a technical correction, while cattle faded the bearish Cattle on Feed Report and hogs continue their technical and seasonal run higher.
USDA’s latest milk production report was friendly and could support milk prices in the near term.
Nearby soybean futures extended a nearly two-week rally to four-week highs behind bullish demand fundamentals, including stronger-than- expected exports, while resurgent soymeal also supported the soy complex.
Worries about surging inflation and rising interest rates have pummeled the U.S. stock market this year.
Since the start of the 2021-22 marketing year on July 1, Ukraine has exported 46.5 MMT of grain, up from 40.9 MMT during the same period last year. . .
The International Grains Council (IGC) cut its global corn production forecast by 13 MMT to 1.184 billion metric tons, reflecting a downward revision to the U.S. crop.
Thursday’s market closes ended mixed in the grains.
For 18 straight months, the rural economy has posted healthy and consistent growth, yet signs of weakness may be surfacing.
USDA’s Cattle on Feed Report Friday afternoon is expected to show the May 1 feedlot inventory up 1.3% from year-ago. . .