Closing Market Report- 7/22/21- Grains Mixed to Lower on Profit Taking and Technical Selling


We saw a lot of profit taking and technical selling on the day Thursday. December corn and November soybeans closed lower Thursday but were well off their lows as it remained difficult to find significant rain in the forecast. September Minneapolis wheat recovered from being down 26 3/4 cents earlier and finished up 6 1/4 cents.

Livestock were mixed with cattle higher amid lower grain prices. Hogs were under pressure as the trade was hoping to see China a buyer in the weekly export sales report.

Farm and Ranch Director Jesse Allen has our closing report:

Also, more analysis with Jesse Allen and John Heinberg of Total Farm Marketing on today’s edition of Market Talk: