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
Jerry Gulke, president of The Gulke Group, says grain prices need to go low enough to be competitive and stimulate demand.
Matt Bennett with AgMarket says soybeans made new lows for the move on Friday on fund selling and harvest. The question of how low prices go is dependent on how much of their long position they liquidate.
Joe Kooima of Kooima Kooima Varilek cattle futures have done a lot of heavy lifting the last three to four weeks with the stubborn cash market.
Chip Nellinger, Blue Reef Agri-Marketing says soybeans closed below the low set on report day on harvest, the NOPA crush figures and Brazilian production estimates.
Corn and soybeans were lower again Thursday on fund long liquidation and harvest pressure. Hogs were trying to bounce off contract lows.
John Heinberg of Total Farm Marketing, says, the selling was tied to inflation concerns with the CPI coming in hot at 3.7%.
While EPA’s SRE reallocation proposal was good news for the biofuels and agricultural industries the market seemed disappointed and faded into the close according to Jim McCormick with AgMarket.
Darren Frye with Water Street Solutions says part of bounce in corn was technical buying off support, plus the market was also trying to determine if USDA’s yield forecast is correct.
Brad Kooima of Kooima Kooima Varilek says last week’s technical breakout in cattle was a surprise to him due to the current fundamentals.
Jerry Gulke, president of The Gulke Group, says it doesn’t matter whether farmers believe the USDA report or not because it’s what the market is trading.