Closing Market Report- 10/25/21- Spring Wheat, Soybeans, Soy Oil Lead The Way


Big moves were seen on Monday in spring wheat, soybeans and soybean oil with corn quiet on the day. November soybeans closed up 16 3/4 cents Monday, supported by another higher close in soybean oil and the vegetable oil sector. December Minneapolis wheat posted a new contract high of $10.27, its highest spot close in nine years. Live cattle saw good strength after a friendly Cattle on Feed report last Friday while hogs were mixed on the day. 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 episode of Market Talk: