The Final Bell

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.