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
One reason for the continuation of the tariffs “is we really haven’t seen the PRC make any changes to its fundamental systemic structural policies that would make sense for us to provide any relaxation,” she said.
Vince Boddicker of Farmers Trading Company says funds were back selling in the grain markets with risk off spillover from outside markets including an implosion in crude oil.
Randy Martinson, Martinson Ag, says grain markets are seeing pressure from harvest, weather and renewed fund selling. All the markets are flirting with key support levels on the charts.
Beef production is now forecast to increase marginally from year-ago and rise another 4.1% next year.
Kent Beadle of Paradigm Futures says grains saw follow through selling pressure after a lower day Friday. The complex also saw spillover from the risk off day in outside markets including the higher dollar and lower crude oil.
Brad Kooima, Kooima Kooima Varilek says cattle futures are mostly higher early Monday on better cash news and trying to negate Friday’s reversal. Grains are seeing pressure from harvest and South American rain chances.
The October WASDE effectively solidified the supply side of the U.S. corn and soybean balance sheets for the 2024-25 marketing year, though Gulke was surprised USDA didn’t raise yields because harvest has never been so good on his farm.
Unlike some past years, the October report didn’t provide much for the bulls or the bears. USDA did raise corn yield 0.2 bu. per acre to a record 183.8 bu. and lowered soybean yield 0.1 bu. per acre to 53.1 bu.
Oliver Sloup, Blue Line Futures says after a non eventful WASDE, grains saw some profit taking heading into the weekend with row crops seeing harvest pressure.
We recap this week’s price action and provide outlook for the next 5, 30 and 90 day segments.