The Final Bell

Corn stocks came in much higher than trade estimates anticipated, causing fund liquidation that spilled over into the soybeans and wheat futures. Wheat production was raised slightly, but the report was overall neutral for wheat and soybeans. Cattle futures ended the day higher, with expectations that packers need more cattle to make up for last week's interrupted kill. Arlan Suderman with Stone X Financial recaps today's trade.

Wet weather has kept the combines out of the fields across the corn belt and through the Plains and Midwest, creating harvest delays and creating crop quality issues. Reports of corn sprouting have come out of Iowa, Kansas, and Nebraska. Cattle futures were mixed today as we wait for cash trade. Packers may be short bought, but feedlots are dealing with deteriorating pen conditions. Doug Simon with Tredas recaps today's trade.

Funds liquidated some long positions after the trade summit with China failed to bring about grain specific headlines. Harvest progress is expected to lag because of recent wet weather and a soggy forecast for this week. Managed money continues to lead the grains headed into the Quarterly Stocks report later this week. Mike Castle with Stone X Financial recaps today's trade.

Early liquidation faded through today's session as weather concerns came in to support grains to close more moderately on the day. Trade was initially disappointed at the lack of news from the trade summit with China, though reports are expected on Monday. Clint Hoffman with Tredas recaps today's trade.

Heavy rains causing harvest delays are reigniting supply concerns. Outside markets and higher crude oil are giving heavy pressure to the grains, despite those supply concerns. Cattle trade was lower Thursday, with the Hogs & Pigs report expected to show steady numbers and no hog herd expansion. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Traders are watching headlines this week for any news about the potential for peace talks between Russia and Ukraine, and also the US and Iran. The trade summit with China begins tomorrow, and that will also have heavy influence on grains, depending on what news comes out of the negotiations. Cattle ended the day higher, optimistic about the week's cash trade.

Grains were lower today after rallying on Monday, as trade looks ahead to the President's trade summit with China. Traders are hopeful to see corn and wheat added into the trade agreement. Cattle were lower after sharply higher closes on Monday, waiting to see what fundamental support the week brings. Ross Baldwin with John Stewart & Associates recaps today's trade.

Wet weather is making harvest difficult across the Midwest, where yields are already projected lower. The trade meeting between the US and China has brought renewed optimism after positive preliminary talks with representatives. Heather Ramsey with the ARC Group recaps today's trade.

Treasury Secretary Bessent is set to meet with representatives from China regarding the Presidents' upcoming meeting. President Trump is set to announce to potential bans on beef, diesel, and fertilizer exports. The latest Cattle on Feed report comes out today after the close.

Soybean meal was the stand alone market today, reaching new two year highs. The price of diesel fuel continues to be a large factor heading into harvest season, effecting basis levels. Cattle futures fell today ahead of tomorrow's Cattle on Feed report. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Crude oil set back today, pressuring grains in the early session. The federal reserve made the decision to increase the interest rate, which also influenced the trade headed into the close. International variables will continue to play a large role on grain markets through harvest. Jeff Peterson with Heartland Farm Partners recaps today's trade.

Grains started the morning under pressure, but the soybean product markets pulled the commodities higher. Crude oil rallies again today as Saudi Arabia announces the closer of a portion of oil exports. Rhett Montgomery, Lead Analyst with DTN recaps today's trade.

Some follow through trade helped to keep corn supported while higher crude oil boosted the soybeans and soybean oil. Wheat futures were mixed, but closed lower with profit taking. Cattle opened the week with a strong close, helped by the higher cash trade and sharply higher feeder index. Zach Tindall with Producers Livestock recaps today's trade.

The latest USDA WASDE report was mostly bullish for corn, but the slightly bearish tone for soybeans sent grains into a sharp sell off. Corn beginning stocks were lowered, along with yield projections. Soybean yields were raised very slightly, and wheat had a fairly neutral report. Cattle ended the week higher with stronger cash business. Barchart Senior Analyst, Darin Newsom, recaps today's trade.

Soybeans lead grains higher with strong demand from China ahead of this month's trade summit. The wars continue to give bullish support with higher crude oil prices. Cattle closed higher in a corrective rally, but no cash trade has been reported yet for the week.

Managed money flows out of grains ahead of the USDA report on Friday, taking a cautious approach to what the yield projections may be. Corn and soybean yields are expected to be lower, but with a wide range of estimates. Wheat futures slid with pressure from row crops and the potential for higher winter wheat acreage. Arlan Suderman with Stone X Financial recaps today's trade.

Wheat futures rose again as the talks for peace between Russia and Ukraine fall through over the weekend. Soybeans held higher with strength in the soybean oil as crude prices rise. Cattle futures rallied to start the week, with traders hopeful for some fundamental support to develop. Shawn Hackett with Hackett Financial Advisors recaps today's trade.

Technical pressure and political uncertainty underpinned the markets today as traders wait for the next piece of news out of Russia and Ukraine. Next features the latest USDA WASDE report, where the yields will be anticipated as the finish to the crops looks hot and dry. Cattle were lower ahead of the weekend after Thursday's rally. Clint Hoffman with Tredas recaps today's trade.

News out of Russia that peace talks may be on the way dropped wheat futures, spilling over into corn. Soybeans held some gains with strong demand and solid export numbers. Cattle rallied with technical support today, though market fundamentals haven't changed. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

Grains lose some momentum as traders set back with some profit taking with a lack of new bullish news. Underlying support still holds with lower expected yields and geopolitical risk. Cattle closed lower as the demand for beef after the holiday weekend is uncertain. Arlan Suderman with Stone X Financial recaps today's trade.

The lower yield expectations, spurred more by hot and dry conditions across the Midwest and Central Plains have brought the funds in strong to support the grains. Geopolitical risk continues to also support the markets, with demand for US grains looking good. Jeff Peterson with Heartland Farm Partners recaps today's trade.

As we round out August, pressure taking pressured the grain markets today, though demand for corn and soybeans continues to look very strong. Wheat futures set back with technical pressure, though the logistical problems still exist for Russian and Ukraine grains. Cattle found a little bounce today, though there are still many challenges facing the market ahead. Sam Hudson with Cornbelt Marketing recaps today's trade.

Traders continue to work in risk premium to account for the lack of wheat from Russia and Ukraine. Corn futures found slight pressure, but found support through the close from higher wheat and soybeans. Soybean demand holds strong with sales to China and product business to Europe this morning. Mike Castle with Stone X Financial recaps today's trade.

The trade wakes up to the long-term implications of a Black Sea war with no end in sight. Global grain demand will be high as yield expectations for Europe and the US continue to fall back. Cattle moved higher today in a technical bump while the market still searches for the bottom. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

With news out of Russia that there is no plan for peace talks, and the war is set to escalate once again, wheat futures spiked. Corn and soybeans rallied behind wheat with no lack of their own bullish drivers. Cattle futures continued to struggle today, closing in mixed fashion. Zach Tindall with Producers Livestock recaps today's trade.

Corn, driven by lower expected yields and high demand, continues to rally. Soybeans find strength with high demand and a reversal in soybean oil, despite lower crude today. Cattle futures continue to sink in a tough market facing strong fundamental challenges. Ross Baldwin with John Stewart & Associates recaps today's trade.

The ProFarmer Crop Tour results pegged the average corn yield at 173.2 bushels per acre, well below the latest USDA projections. Soybeans yields from the tour are expected at 53.3 bushels per acre. Cattle futures fell as the first port along the Mexican border was set to reopen today. Darren Frye with Waterstreet Consulting recaps today's trade.

The momentum for corn helped to push futures higher with lower yields expected. Solid demand for soybeans helped to close the day with a couple cents gained. Wheat settled back a bit in more of a technical correction, though the fundamental picture is still supportive. Heather Ramsey with the ARC Group recaps today's trade.

As the crop tour wraps up this week, expectations are for lower yield estimates and overall lower performance. The last leg of the tour does expect to see better numbers through the rest of Iowa and Minnesota. The cattle market continues to look for some kind of fundamental support in the face of lower supplies and packer consolidation. Mike Zuzulo with Global Commodity Analytics recaps today's trade.

The ProFarmer Crop Tour continues, and after finding lower yield potential for corn and lower pod counts for soybeans for Nebraska and Indiana, corn and soybean futures rallied. Wheat futures were led higher by the row crops and new attacks in the Black Sea. Cattle futures dropped and made some technical damage as the market questions the stability of higher boxes. Arlan Suderman with Stone X Financial recaps today's trade.

Corn and wheat settled lower after losing the bullish steam from Monday. Soybeans held gains until the last hour of trade when futures closed just slightly changed. Traders are waiting on news out of the ProFarmer Crop tour, while current market fundamentals remain steady. Darin Newsom, Barchart Senior Analyst, recaps today's trade.

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.