Closing Market Report- 5/20/22- Another Rough Day for Wheat; Soy Complex Higher Again


It was another wild day in the market trade on Friday, almost deja vu from Thursday. The soy complex was higher with nice moves in beans, meal and oil while all three wheat classes saw more heavy selling pressure. Corn, despite good export demand, remained caught between the two and fairly quiet on the day. Livestock trade saw cattle drift lower ahead of the Cattle on Feed report and lean hogs reverse mid-morning to trade their way sharply higher again.

Farm and Ranch Director Jesse Allen has our closing report:

Also, more analysis with Ted Seifried of Zaner Ag Hedge on today’s Market Talk with Jesse Allen. The show also features a commodity market discussion with Kevin McNew of Farmers Business Network and a planting update for Iowa with Angie Rieck-Hinz, Field Agronomist, with Iowa State Extension.