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Closing Market ReportCelebrating 40 Years . Author: Todd E. Gleason
Celebrating 40 Years 10,000 Episodes Established 1985 The Closing Market Report airs weekdays at 2:06pm central on WILL AM580, Urbana. University of Illinois Extension Farm Broadcaster Todd Gleason hosts the program. Each day he asks commodity analysts about the trade in Chicago, delves deep into the global growing regions weather, and talks with ag economists, entomologists, agronomists, and others involved in agriculture at the farm and industry level. website: willag.org twitter: @commodityweek Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Mar 30 | Closing Market Report
Episode 10318
Monday, 30 March, 2026
- Curt Kimmel, AgMarket.net- Drought & Workers Strike May Reconfigure Beef Processing- Mark Russo, EverStream.ai WeatherThe March 30, 2026, Closing Market Report details agricultural commodity performance, processing challenges, and global weather conditions.Market PerformanceCorn and hard red winter wheat futures closed lower, while soybean futures experienced mixed results.Live cattle, feeder cattle, and crude oil prices finished higher, contrasting with downward movements in the S&P 500 and NASDAQ indices.Commodity OutlookMarket participants are positioning for the March 31 USDA prospective plantings and grain stocks reports, which will establish benchmarks for acreage and demand estimates.Ongoing geopolitical conflicts, specifically involving Iran, are anticipated to sustain elevated energy prices and inject broader economic volatility.Livestock markets currently remain supported by the approaching summer grilling season.Beef Processing and Supply ChainA worker strike at the JBS processing plant in Greeley, Colorado, is forcing the reallocation of fed cattle to alternative facilities, primarily in Texas and Nebraska.The strike is exerting short-term pressure on fed cattle markets, with the potential to negatively impact feeder cattle prices if the disruption is prolonged.The broader beef industry continues to contend with packing overcapacity relative to shrinking cattle inventory, alongside long-term drought concerns in the western United States.Global Agricultural WeatherU.S. Plains: The hard red winter wheat crop is facing critical stress from extreme soil moisture deficits and record-high temperatures.U.S. Midwest: Conditions are highly favorable for summer crop planting, driven by an active weather pattern that is actively replenishing soil moisture without introducing unseasonable cold.Black Sea Region: Winter crop development in Eastern Europe and Russia is progressing well with improved topsoil moisture, though subsoil moisture deficits from previous dry spells remain an area to monitor. ★ Support this podcast ★
