Closing Market Report- 12/7/22- Grains Rally on Wednesday


We saw a decent rally in grains on Wednesday with wheat, soybeans and soybean meal the upside leaders. Corn continues to be stuck in a range though and livestock were just mixed. Overall, this market is waiting on Friday’s December WASDE report as well as watching South American weather and demand overall.

Farm and Ranch Director Jesse Allen has our closing report:

Also, more analysis with Mike Zuzolo of Global Commodity Analytics on today’s Market Talk below. Plus, a beef industry outlook with Lance Zimmerman of Rabobank.