Closing Market Report- 12/2/22- Wheat, Corn and Soybean Oil Under Pressure on Friday; Soybeans Higher


It was a volatile end of the week in the market trade on Friday. Plenty of chart damage was seen in wheat and corn to wrap up the week while there was more follow through selling in soybean oil. Soybeans and soybean meal meantime found some support, especially beans bouncing off support levels. Cattle and hogs took advantage of lower corn prices to trade their way higher at the end of the week.

Farm and Ranch Director Jesse Allen:

Also, more analysis with DuWayne Bosse of Bolt Marketing and Ted Seifried of Zaner Ag Hedge on today’s Market Talk below: