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
Matt Bennett, AgMarket.Net, says wheat was up for a third day continuing to see short covering by managed money traders and adding war premium. However, corn could not follow with soybeans as an anchor.
Darin Newsom, Senior Market Analyst with Barchart, says wheat is higher for a third day seeing short covering and adding risk premium with tension escalating in the Black Sea and threats by Russia to use nuclear weapons.
Robin Niblett stresses the necessity of managing this new cold war carefully to prevent it from escalating into a hot conflict, a scenario that would have devastating global consequences.
Ted Seifried, Zaner Ag Hedge, says wheat led the rally in the grains initially on a weaker dollar and adding geopolitical premium.
Includes $24 billion for USDA and $40 billion for FEMA.
Brad Kooima, Kooima Kooima Varilek, says live cattle have held chart support so far even with lower cash and cutouts but feeders are the real leaders as funds continue to buy. Grains find strength on wheat’s lead and with a lower dollar.
Morgan Stanley downgraded China to slight “underweight” from “equal weight” in emerging markets, with analysts noting efforts to revive the economy and a Republican sweep of Congress and the White House could significantly impact markets.
North Dakota regulators on Friday approved Summit Carbon Solutions’ application for a permit to run a section of its carbon dioxide pipeline through the state and store the captured greenhouse gas underground.
Naomi Blohm, Total Farm Marketing, says grains held technical support areas on Friday and saw corrective buying. She thinks the recovery can continue after Thanksgiving.
Scott Varilek, Kooima Koomia Varilek, says cattle try to recover after a lower day Thursday following lower cash and cutouts. Grains are also trying to recover with some corrective buying.