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
Sam Hudson of Cornbelt Marketing says the rally the last two month has been driven by crush and renewed export demand from China.
John Heinberg with Total Farm Marketing says higher product values and strong demand are supporting the soybean futures.
Mike Zuzolo with Global Commodity Analytics says corn and soybeans were supported by strong export inspections and higher energy markets. Wheat fell after the President’s post about Russia and Ukraine agreeing not to target energy and food infrastructure.
Joe Kooima of Kooima Kooima Varilek says while last week’s higher weekly closes send a strong signal a bottom is in place in the cattle market, he’s not ready to say funds will be piling back in to buy yet.
Jerry Gulke president of The Gulke Group says it isn’t surprising to see profit taking in the soybeans with the funds holding a near record long position.
Dan Basse, president of Ag Resource Company, says the corn yield figure was very close to the trade guess and largely priced into the market.
Despite widespread concerns over summer weather damage, USDA’s September WASDE corn yield came in almost exactly where the trade expected, which left stocks-to-use, not yield, as the number driving the market.
Scott Varilek with Kooima Kooima Varilek says the recovery in the cattle market this week feels good but he is watching for several signs to feel confident about sustaining it.
In the September report USDA will use objective field data for the first time this marketing year to determine yield.
Brady Huck with Empower Ag Trading says soybean futures hit new contract highs again as the market got energized by higher product values, report positioning, higher energy prices and China buying.