Closing Market Report 1/27/23- Fairly Quiet Trading on Friday


On Friday, markets were fairly quiet overall. We saw some consolidation in grains and a bit of profit taking in soybeans specifically on the day. For the week, March corn closed up 6 3/4 cents and July corn was up 2 1/4 cents. March soybeans ended up 3 cents and July soybeans were up 3 cents. March KC wheat closed up 21 1/4 cents, March Chicago wheat was up 8 1/2 cents and March Minneapolis wheat was up 8 3/4 cents.

Livestock trade was firm as we watched a standoff continue in feedlot country to wrap up the week.

Farm and Ranch Director Jesse Allen has our closing report:

Also, more analysis with Jeff Hoogendoorn of Professional Ag Marketing and Jesse Allen on today’s Market Talk below: