The Final Bell

The grain markets seem to wake up to the damage that Russia and Ukraine are doing to ports, and the global grain supply. Weather concerns both for the US and across Europe are also leading to questions about the amount of grain available down the road. Cattle could be looking towards further pressure in a market facing many challenges. Sue Martin with Ag & Investment Services recaps today's trade.

Wednesday's rally lost momentum as the market failed to feed the bull. Russia and Ukraine continue military attacks, but rumors about peace talks left wheat lower. Cattle opened up the downside on Wednesday, spilling pressure over into today's trade and lowered cash bids. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Ukrainian attacks on Russia's largest grain exporting facilities rallied grains overnight into Wednesday's session. The latest USDA yield projections were slightly lower than anticipated for corn and soybeans. Acreage was increased in today's WASDE for corn and soybeans, with around 2 million additional acres, combined. Arlan Suderman with Stone X Financial recaps today's trade.

It was a quiet day for commodities without much for news ahead of tomorrow's WASDE report. Cattle futures are waiting to see if cash will move higher again, or if packers are sufficiently supplied for now. Zach Tindall with Producer's Livestock recaps today's trade.

With plenty of rain in the forecast, market bulls are waiting to see what the USDA expectations are for corn and soybean yields. Only time will tell what the global grain supply will look like, depending on how long the Black Sea fighting restricts grain exports. The decline in boxed beef has shown that consumer demand may have shifted away from beef for now. Shawn Hacket with Hackett Financial Advisors recaps today's trade.

Corn and soybeans ended the day fairly flat, while wheat markets rose higher. Next week's WASDE should be relatively quiet, though trade will be waiting for acreage and yield updates. Cattle continue their daily volatility, while the beef market struggles to hold steady. Clint Hoffman with Tredas recaps today's trade.

Bearish weather keeps row crops underpinned. Wheat trade hasn't yet considered the global supply issues resulting from war broken logistics in the Black Sea. Cattle futures fell with profit taking and some weather factors as well. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Cattle still recovering with higher cash and steady box prices helping to stabilize futures. Drought conditions for western producers will likely mean early weaning and higher upfront placements. Beef demand still in question as gas prices and inflation weigh on consumer wallets. Livestock Market Analyst, Kyle Bumsted recaps today's trade.

Without any bullish news to keep the grain markets supported, a wetter forecast led the bearish move down today. The continued pullback in crude oil prices also weighed in, as the US and Iran talk about a potential long term peace deal. Cattle were higher today, cash trade for the week is expected steady to higher.

European crop conditions and continued war concerns leave a big question in global grain supply. Crop conditions this afternoon are anticipated to show a slip in good to excellent ratings. Soybeans feel pressure from weather improvement, despite business from China. Jeff Peterson with Heartland Farm Partners recaps today's trade.

To round out the week and the month of July, traders squared up positions and braced for a potentially busy headline weekend. The global grain supply remains a bit of a mystery as Europe's crops continue to decline from drought and war rages on in the Black Sea. Cattle held their recovery, giving some hope that the market may have seen a bottom for now. Mike Castle with Stone X Financial recaps today's trade.

Russia and Ukraine continue to create a lot of uncertainty about the global grain supply as the damage to export infrastructure continues. Changes in the upcoming weather looks favorable, though the recent heat wave for the US and the EU also add to the question of what yields will look like for corn and soybeans. Cattle have cautiously entered a recovery. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

New weather updates provide more chances for rain across the plains and Corn Belt, driving soybeans and corn markets lower. Wheat futures failed to hold their gains today, though the losses were limited by the continued issues with Black Sea grain exports. Cattle futures were higher today, giving some hope that the market may have seen the worst for now. Ross Baldwin with John Stewart & Associates recaps today's trade.

Crop conditions ratings dropped last week, pushing corn and soybean trade higher. Demand questionable, though weather forecasts are bullish. Cattle bounced today, but the bottom may only be temporary. Barchart Senior Analyst, Darin Newsom recaps today's trade.

A temporary ceasefire in Iran dropped crude oil sharply, giving grain traders the catalyst needed to correct overbought corn and soybean markets. Wheat futures were caught in the undertow of the row crops, though the conflict in the Black Sea is ongoing. Producers should be watching for upticks in the market for opportunities to benefit from days like this one. Heather Ramsey with the ARC Group based in Lincoln recaps today's trade.

Ukraine announced early today that it would provide a plan to escort shipments of grain out of the Black Sea. The weather forecasts are still hot with minimal chances for rain in both the US and across Europe. Cattle futures closed a bit higher ahead of the afternoon's Cattle Inventory and Cattle on Feed reports. Doug Simon with Tredas recaps today's trade.

Russia and Ukraine continue to attack grain infrastructure and ports that are responsible for a large chunk of the world's corn and wheat exports. Weather concerns still underlie the market with hot, dry weather on the way. Cattle bounced a little today ahead of tomorrow's Cattle on Feed report. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Ukraine's drone technology has advanced, causing Russia to retaliate and close major shipping ports. Weather concerns heat up with the temperatures in both Europe and the US. Cattle fall again today ahead of Friday's Cattle on Feed report. Arlan Suderman with Stone X Financial recaps today's trade.

With weather looking hot and dry across much of the plains, supply concerns could cause a contra-seasonal market pattern. The war between Russia and Ukraine remains a volatile situation that will likely have a bigger impact on markets down the road. Cattle have slowed their liquidation, and yesterday's small bounce is positive news. Don Roose with US Commodities recaps today's trade.

As the heat is anticipated to return across the US, trade is working weather premium into the corn and soybeans. Wheat futures were lower despite strong fundamental support. Cattle finally had a move back to the upside with some technical buying. Sue Martin with Ag & Investment Services recaps today's trade.

Producers should be prepared for some volatility as war concerns heat back up and drive grain markets once again. Russia and Ukraine continue to target important grain infrastructure, disrupting export markets. Cattle close lower once again, and analysts think that the market still has a ways to go before the bottom is found. Clint Hoffman with Tredas recaps today's trade.

Cattle fall through technical levels in continued liquidation. Boxed beef prices slipped again today, and cash trade for the week is considerably lower. The top of this market was found, but analysts say that we haven't yet found the bottom. Livestock Market Analyst, Kyle Bumsted, recaps today's trade.

Concerns over grain shipping infrastructure rise sharply as the war in the Black Sea escalates. Corn and soybeans rallied as well with the support from wheat. Cattle are faced more liquidation today, with lower cash and cutout prices. Arlan Suderman with Stone X Financial recaps today's trade.

Liquidation continues in the cattle markets as boxed beef prices slide. Cash trade for the week is expected to be lower. Grain trade factors in weather concerns and geopolitical news, with the Kerch Strait in Russia now closed. Zach Tindall with Producer's Livestock recaps today's trade.

Corn and soybeans held gains today as the weather heats up across the US and the European crop continues to see damage with prolonged dryness. Wheat futures were lower with pressure from lower global prices. Cattle futures could continue to struggle in the face of lower demand. Shawn Hackett with Hackett Financial Advisors recaps today's trade.

Grain ending stocks were lower, giving the markets the bullish news they needed to rally. Wheat markets led the upside, with rising concerns about the ability for Russian exports out of damaged ports.

Corn and soybeans ended the session lower with changes to the weather forecasts and lower than estimated export numbers. Wheat futures found support despite the pressure in the row crops. Cattle futures have "lost a gear" since losing the June contract, and demand is a big question moving forward. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Crude oil rallied today as the conflict with Iran reignites, with fresh attacks from both sides. The latest weather models, however, show a little cooler weather ahead of next week's heat wave, putting pressure back on grains. Cattle closed mixed as feeders found support on lower corn prices. Arlan Suderman with Stone X Financial recaps today's trade.

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.