August 16, 2022
Fargo, US 78 F

Closing Market Report- 7/8/22- Grain Markets Continue to Rally Back Higher on Friday

Grain and oilseed markets continued their rally into the weekend with strength all across the sector. Wheat led to the upside with gains of around 5% in Chicago, Kansas City and Minneapolis wheat. Corn and soybeans also followed with more weather risk premium seemingly being put back into the markets ahead of hotter and drier forecast next week in the Corn Belt. Hogs were mostly higher in the deferred months while front months were a bit lower. Cattle had a mixed to lower day on Friday after dismal weekly export sales.

Farm and Ranch Director Jesse Allen has our closing report:

Also, more analysis today on Market Talk as Jesse Allen is joined by Chris Swift of Swift Trading Company and Jim Roemer of Best Weather Inc. We also talk biosecurity gaps on the hog operation with Dr. Megan Niederwerder from Swine Health Information Center.

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