October 7, 2022
Fargo, US 28 F

Closing Market Report- 7/20/22- Soybeans Under Pressure; Wheat Mixed on Wednesday

Wheat prices tried to trade higher early Wednesday but finished mixed with milder temperatures pressuring U.S. spring wheat prices and giving crops relief from the recent stretch of summer heat. The soy complex was under pressure today with soybean oil leading to the downside while the corn market was largely caught in the middle; down slightly on the day. Lean hogs had another strong day to the upside with cattle mixed on Wednesday’s session as we saw light trade in feedlot country today.

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

Also, more analysis with Mike Zuzolo of Global Commodity Analytics and Jesse Allen today’s Market Talk below:

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