July 6, 2022
Fargo, US 82 F

Closing Market Report- 4/14/22- Choppy Trade Heading to the Holiday Weekend

We saw fairly choppy and relatively quiet trade on Thursday as traders geared up for the Easter holiday weekend. Markets are closed tomorrow for Good Friday. Wheat weakened amid some profit taking while corn and beans were mixed, with spot May gaining on new-crop futures in both soybeans and corn. We also new contract highs in both old and new crop corn. Weekly export sales were strong once again this week. Market factors continue to be U.S. and South American weather and the ongoing Ukraine war as well as broader inflation pressures in the markets. A warm-up after the holiday could allow seeding to accelerate in the U.S. but that remains to be seen. Livestock were mixed on the day Thursday with weekly export sales for beef and pork just ok.

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

Also, more analysis heading to the holiday weekend with Bryan Doherty of Total Farm Marketing and Jesse Allen on today’s Market Talk linked below:

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