The Final Bell

Weather took markets higher to close the session, with the focus on hot and dry conditions across much of the Midwest as well as continued drought throughout Europe. Friday's WASDE report expected to reflect high demand for US corn and potential shifts in South American production. Cattle markets lower with disappointment over a lack of fundamental support. Mike Castle with Stone X Financial recaps today's trade.

Severely hot temperatures and drought conditions linger across Europe and drop crop condition ratings. US weather conditions also turn hot and dry headed into pollination. Soybeans rallied sharply with strength from the product markets and continued demand for biofuel production. Heather Ramsey with the ARC Group recaps today's trade.

A bit of profit taking pulled a bullish market back ahead of the holiday weekend. Cattle futures fell with potential influence from headlines today. Looking ahead, the weather could effect both grains and livestock supply if heat waves linger. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Grain trade took a slightly bullish report as the catalyst needed to move upwards. Weather concerns across Europe and Asia are also helping to keep grains supported this week with extended record temperatures and drought. Cattle have reached a seasonal tipping point as demand could see some softening after the peak of grilling season. Mike Castle with Stone X recaps today's trade.

The latest USDA reports were released and gave traders enough to rally on, but overall was neutral. Market fundamentals suggest the continued need for expanded demand opportunities. Cattle trade reaches a pivotal point this week in demand as grilling season peaks with the Independence Day holiday. Darin Newsom, senior Barchart analyst, recaps today's trade.

Corn and soybean futures finished with double-digit losses Monday, while live and feeder cattle futures were off $1-$2. Sue Martin of Ag and Investment recaps Monday's factors.

A favorable forecast ahead keeps pressure on row crops while trade looks to next week's Quarterly Stocks and Acreage reports. Corn acres are expected to fall from the first survey, but soybeans are anticipated to see a bump as producers shifted to lower production costs. The Quarterly Hogs and Pigs report was neutral to friendly, helping futures to hold steady to higher Friday. Doug Simon with Tredas recaps today's trade.

Technical support helped to bounce corn and soybean futures, which then rallied with strong export numbers and weather concerns headed into July. Iran has attacked ships in the Strait of Hormuz once again, sparking a reversal in crude oil futures. Cattle futures chopped along today, pressured by higher corn while waiting for any cash trade to develop. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Seasonal pressure is keeping grains looking for a bottom. Weather is also keeping pressure on markets as the forecast looks to warm up as we near pollination season. Cattle futures are finding support from higher boxed beef and continued fundamental support. Arlan Suderman with Stone X Financial recaps today's trade.

Favorable weather for US grains keeps pressure on prices, but drought and record temperatures in Europe could threaten corn and wheat crops. Soybeans held small gains today with help from the product markets. Cattle futures were lower, the morning choice boxed beef spiked over $400. Don Roose with US Commodities recaps today's trade.

Higher equities and lower energies led the drag on grain trade to start the week. Domestic weather looks mostly favorable, though trade is keeping an eye on areas with potentially too much moisture. Cattle trade continues to show optimism after a friendly to neutral Cattle on Feed report. Sam Hudson with Cornbelt Marketing recaps today's trade.

The weather ahead looks favorable for US corn and soybean crops, which has the market feeling confidently bearish. Export sales were solid last week, with multiple sales reported this week. Cattle trade is cautious about approaching all time highs again. Shawn Hackett with Hackett Financial Advisors recaps today's trade.

Arlan Suderman of Stone X is our guest. We kick things off with talk that China may buy more soybeans and what that country's commitments are and how skeptical we may be. Then we dig into the Iran peace deal and what we know and don't know. Finally, we talk about the new Federal Reserve chair and why Kevin Warsh may fade into the background and what that means for markets.

Strong boxed beef prices have given traders confidence in consumer demand for beef, leading to a strong rally through today's close. Lower crude oil prices have boosted equities, which has also helped to support cattle futures. Cash trade is expected to be higher for the week, but will likely wait until after Thursday's Cattle on Feed report. Ross Baldwin with John Stewart & Associates recaps today's trade.

Crude oil dipped today with a potential resolution with Iran, which weighed on soybeans and spilled over into corn and wheat. Trade is looking ahead to the Quarterly Stocks report and the renewed acreage numbers at the end of the month. Opinions differ over whether we will see higher corn or bean acres based on profitability and input costs. Jeff Peterson with Heartland Farm Partners recaps today's trade.

The latest USDA WASDE report made changes to the US corn exports while decreasing domestic use for ethanol. Soybean exports were decreased with a rise in domestic crush, and overall wheat production was cut with a decline in winter wheat. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

The President has threatened to escalate attacks on Iran if a peace deal isn't reached soon, which boosted crude oil and helped to bounce commodity trade today. Tomorrow will bring an updated WASDE report with production estimates, and traders are not anticipating any large changes. Cattle were slightly higher with little cash trade for the week and stronger boxed beef. Arlan Suderman with Stone X Financial recaps today's trade.

Fund buyers are still having a large influence on commodities as the stock market and crude oil futures remain volatile and uncertain. New World Screwworm may prove bullish news in the long run, but are not considered bearish at this point. The June WASDE report isn't expected to have a huge impact on trade this week. Zach Tindall with Producers Livestock recaps today's trade.

Rains across the country and cooler weather in the extended forecast weighed on soybeans today, as concerns going into the growing season remain limited. Wheat futures bounced with the rains effecting winter wheat harvest and beginning to suggest quality issues for the soft red crop. Cattle futures fell as more cases of screwworm surface. Mike Castle with Stone X Financial recaps today's trade.

After New World screwworm was confirmed in a calf from Texas, cattle futures climbed today and feeder contracts closed limit up. Grains continued their meltdown, with soybeans down over 25 cents as the demand picture for beans continues to look less optimistic. Wheat futures opened higher, but quickly fell under pressure from the row crops. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Pressure from favorable weather and rains in the forecast continues to allow funds to liquidate corn and soybean contracts. Wheat futures fell once again under pressure from cheaper global competition. New World screwworm has the cattle market on edge as the cases are being found closer to the Mexico and US border. Arlan Suderman with Stone X Financial recaps today's trade.

Ahead of average planting pace and favorable weather ahead has the market feeling optimistic about the growing season ahead. Demand for US grains is steady, and the biggest obstacle is the cost of moving grains across the globe. Wheat futures continue to slide as harvest begins and trade waits to see the real damage. Heather Ramsey with the ARC Group recaps today's trade.

The war headlines continue to bring uncertainty to commodity trade, despite the fundamentals underlying the markets. Grains closed lower, while soybean oil rallied behind increasing demand for biofuels. Cattle markets closed higher with hopes that cash trade this week will provide needed support. Senior Barchart Analyst, Darin Newsom, recaps today's trade.

As the week rounded out the end of the month as well, long liquidation and pressure from lower crude oil dropped commodity prices. Soybean oil was the bright spot, with biofuel demand remaining strong. Cattle futures stepped back once again as boxed beef and lower cash refused to provide support. Sue Martin with Ag & Investment Services recaps today's trade.

A bounce in soybean oil and the meal markets helped to lift row crops as crude oil futures continued unsteady. A proposed 60-day ceasefire could pressure markets going forward as trade focuses on the headlines versus fundamentals. Cattle closed lower today with no cash trade yet reported for the week. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

As the war in Iran continues, traders hold onto optimism that a peace deal could be reached soon, driving crude oil and commodities lower. Wheat conditions continue to worsen each week, but futures move lower with trade looking forward to new crops and global supplies. New crop soybeans closed higher with continued demand from domestic crush and biofuels. Arlan Suderman with Stone X Financial recaps today's trade.

Cattle on Feed numbers were bearish, but analyst says that was likely priced in ahead of this week's trade. Fund liquidation continued to hold pressure on livestock markets as we begin a shortened trading week. Grain futures were lower with the drop in crude oil as the war with Iran remains an uncertain factor in today's markets. Livestock market analyst Kyle Bumsted recaps today's trade.

The war with Iran and the uncertainty around the trade deal with China weighed on commodities today. Feeder cattle fell with continued liquidation ahead of the Cattle on Feed report. Doug Simon with Tredas recaps today's trade.

Grains closed lower today with sinking crude oil and fund liquidation as outside markets heavily weighed on commodities. Accrued losses in oil and higher production costs don't seem to be priced into grains enough. Feeder cattle were limit down ahead of tomorrow's Cattle on Feed report. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

A potential peace deal with Iran led crude oil lower today, and grain trade followed, with money flow out into the stock trade. China has yet to confirm the $17 billion agricultural trade deal that includes 25 million metric tons of soybeans. Cattle futures closed mixed today ahead of Friday's Cattle on Feed report. Mike Castle with Stone X Financial recaps today's trade.

As trade looks for confirmation from China on the new $17 billion deal, a shift is happening towards a demand driven futures market. Crop progress is clipping right along for corn and soybean planting, but the winter wheat crop continues to fail. Cattle bounced today as we head into one of the largest holidays for grilling and beef consumption. Don Roose with US Commodities recaps today's trade.

The trade summit in China last week has finally given the market details of future business. An expected $17 billion in agricultural purchases was agreed to in addition to the previous 25 million metric tons of soybeans discussed in October. Grains rallied on the news, and cattle ended the day lower with the rise in feed costs. Sam Hudson with Cornbelt Marketing recaps today's trade.

Reports out of the Chinese trade meeting have been incomplete, and grain trade used that as reason enough to spark liquidation across the board today. Despite continued poor reports for the winter wheat crop, prices fell today with pressure from the row crops and crude oil. Cattle futures were unable to hold the morning's positive start as funds feel nervous about advancing futures to keep up with red hot cash business. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Wheat futures set back today as US end market users head to Europe for cheaper wheat buying. Corn and soybean traders are watching the meeting between the US and China closely for any news of a trade deal done this week. Cattle rally with a turn back towards strong fundamentals and higher cash trade. Arlan Suderman with Stone X Financial recaps today's trade.

The USDA pegged the winter wheat crop as the smallest since 1972, with severe loss due to drought conditions. Soybean stocks and exports seem to still rely heavily on Chinese business, which doesn't align with what China intends to buy. Cattle futures are seeing fund liquidation despite the hike in cash trade. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Along with an updated crop progress report this week, the USDA will also release a fresh WASDE report. The trade meeting between President Trump and President Xi of China is scheduled for later this week, with soybean traders hoping to see a deal including beans. Cattle trade slipped today after President Trump announced a reduction in tariffs on beef imports. Austin Schroeder with Brugler Marketing and Management recaps today's trade.

War premium returned today as trade lost hope of an Iranian peace deal this week. Strength in soybeans came as optimism about the upcoming meeting with China remains high. Wheat futures followed stronger crude ahead of next week's updated WASDE report. Darren Frye with waterstreet consulting recaps today's trade.

The relationship between crude futures and grains pulls back trade as uncertainty continues to hang over the markets. Weather premium helped to lift corn and soybeans late session as more rain across the Corn Belt could start to impact planting and emergence. Cattle are in a pivotal time as the demand for beef must hold to support the upwards trend. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

An announcement from President Trump that an end to the war with Iran could be in sight sends crude oil lower and pulls grains down as well. Corn and soybean planting is still on pace, but weather concerns aren't too far from producers' minds. Combines will roll soon on the US winter wheat crop, and crop tours are showing some extensive yield loss.

Cattle futures dropped to start the week, with some headline news and technical weakness, but bounced Tuesday with renewed optimism and fundamental support. Cash trade is expected to be higher this week, though it's not likely to be as shocking as last week's negotiated trade. Hog futures struggle as demand for pork remains inconsistent. Zach Tindall with Producers Livestock recaps today's trade.

Crude prices rose today in response to escalation in the Middle East conflict, taking the grains markets up as well. Hard winter wheat futures closed unchanged as rain in the forecast competes with a grim outlook on today's crop progress report. Cattle futures stepped back, but the overall picture still looks positive for cattle prices. Mike Castle with Stone X Financial recaps today's trade.

Corn and soybeans finished with modest gains Friday while wheat stabilized following Thursday's selloff. Cattle futures reversed course to close lower but still ended with a strong week. Sue Martin of Ag and Investment recaps the trade.

Global energy markets took center stage today—and the implications may stretch far beyond crude oil. On Channel Final Bell, Mike Zuzolo connects rising geopolitical risk with what it could mean for corn, soybeans, livestock, and input costs in the weeks ahead. Listen to the full conversation now.

As the crop condition ratings for hard red winter wheat continue to worsen, trade is waking up to the reality that recent rains may have been too late. Corn futures were supported by wheat, and new crop levels are nearing $5. Cattle continue to find fundamental support as packers will have to step it up to fill demand ahead of the summer grilling months. Ross Baldwin with John Stewart and Associates recaps today's trade.

Cattle futures started the day higher and continued to rally right into the close with some technical support as we head towards the end of the month. Feeder calf sales across the country continue to set barn records, keeping the stakes high for buyers. Grains were higher today with option expiration and weather concerns, both domestically and globally. Livestock Market Analyst Kyle Bumsted recaps today's trade.

Rains over the weekend could bring some much needed to relief to the wheat crop, while some are wondering if it's too late. The lack of resolution in Iran will lead to continued uncertainty, but for now, the market has turned back to fundamentals. The cyclical cattle cycle would suggest that we've seen the top of the market for now. Don Roose with US Commodities recaps today's trade.

Seventy percent of winter wheat areas are now suffering from some form of drought, which rallied wheat futures. Cattle trade was likely influenced by drought conditions as well, with spring time pastures being in question. Soybeans were lower as the USDA opens up acreage surveys to more US farmers, hoping for higher response numbers for the June update. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Profit taking and uncertainty led soybean oil to drop today after reaching multi-year highs. World demand for biofuels keeps demand strong, but uncertainty around the war with Iran has speculative funds nervous. Cattle futures were lower once again as future demand for high priced beef remains in question. Arlan Suderman with Stone X Financial recaps today's trade.

Demand for biofuel on a global scale supported soybean oil and the soybean complex in light of higher crude oil prices. Wheat conditions fell once again, but world supply continues to be very large. Cattle futures closed lower, with concerns that we may have seen the top of the market for now. Sam Hudson with Cornbelt Marketing recaps today's trade.

Uncertainty around war negotiations set to happen today and tomorrow once again rise energies and impact grain trade. Kansas City wheat fell late session as traders square up ahead of the crop progress report, where condition ratings are expected to fall again. Cattle futures set back as traders wait to see any fundamental support to take futures back to higher levels. Austin Schroeder with Brugler Marketing & Management recaps today's trade.