Closing Market Report- 10/1/21- Wheat Is The Star of the Show

Wheat markets were the star of the show once again on Friday. December Chicago wheat closed up 29 3/4 cents and December KC wheat was up 27 3/4 cents, the percentage leaders among Friday’s grain contracts with a second day of support from Thursday’s bullish USDA estimates. November soybeans fell 9 1/2 cents to their lowest close in six months. Corn had a moderately higher day. Livestock trade was mixed on the session as hogs wrapped up a strong week.

Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406

Also, more analysis with Jesse Allen and Ted Seifried of Zaner Ag Hedge on today’s episode of Market Talk below:

https://soundcloud.com/user-837271679/friday-october-1st-2021-ted?si=c9e9c64d01eb45ebacc1a26174a35fa5