Closing Market Report- 10/31/22- Wheat Markets Surge on Russia/Ukraine Grain Deal Issues


Amid Russia suspending it’s participation in the Ukraine grain deal, wheat markets surged throughout the overnight and day session on Monday. That led corn and soybeans higher as well. Outside markets are quiet ahead of this week’s Federal Reserve meeting and livestock were mostly lower in cattle and higher in hogs on Monday.

Farm Broadcaster Richard Ristvedt has our closing report:

Also, more analysis on today’s Market Talk as Jesse Allen is joined by Kristi Van Ahn-Kjeseth of Van Ahn & Company, Mike Minor or Professional Ag Marketing and a look at weather with Eric Snodgrass of Nutrien.