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
Corn was bouncing off the $5 psychological level of support and the close will be important Thursday.
USDA’s 2.095 billion bu. stocks in all positions estimate for corn is an increase of 173 million bu. compared to the ending stocks in the September WASDE,
Dec corn ended the day just above the $5 mark but with the added supply shock from USDA can this technical level hold?
Kyle Bumsted of Allendale says the market is seeing technical buying and is right up into chart resistance.
Market sources indicated some renewed export interest from China out of the Pacific Northwest and Gulf.
The harvest delays in key growing areas were supporting corn and soybeans early Tuesday says DuWayne Bosse with Bolt Marketing but he is concerned about technical damage done to the charts.
Chip Nellinger with Blue Reef Agri-Marketing says the soybean market was disappointed China did not lower the 10% reciprocal tariff on beans and details were vague on other ag purchases.
Joe Kooima with Kooima Kooima Varilek says the cattle charts are looking more friendly after last week. While grains are disappointed in the lack of details from the China trade summit.
Grains recovered off the lows after USTR Jamieson Greer stated significant progress had been made with China, including on ag trade, and details would be released on Monday.
Varilek says the slowdown in slaughter tied to ICE raids has hurt producers leverage in the cash market and it has been reflected in northern bids.