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Weekly Commodity Wrap

Closing Prices March 29th, 2019 and weekly change.



May Corn                           $356.50    down       21.75
May Soybeans                  $884.25    down       19.50
May Wheat                       $457.75    down         8.25
May KC Wheat                 $430.00    down       15.00


April Live Cattle               $125.70      down        4.025
April Lean Hogs                 $77.37      down          .955
April Feeder Cattle          $145.25      down         3.55

Grain and livestock futures ended the week lower to sharply lower. The USDA Quarterly Planting Intentions and Stocks on Hand Report was considered bearish with plenty of supply. Projected acres planted for corn was above the trade estimates. Livestock futures were lower as the Cattle on Feed Report late last week was bearish as well. Time will tell if the corn acres get planted considering the survey was based on March 1st intentions and the wet weather and flooding may significantly impact that going forward.

If you would like to review our current inventory of farms and land for sale in Northwest Missouri click on this link Davidson Real Estate Farms for Sale

Feel free to contact any of our team for more information on farm and land values as they fluctuate with the ever changing commodity price changes.

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Neal Davidson

Broker & Owner
Neal grew up on a farm in Northwest Missouri and attended The University of Missouri, Columbia graduating with a B.S. in Agribusiness. After school Neal spent 10 years as a livestock dealer and then 5 years in banking. He is a graduate of the Missouri General Banking School and the National Ag Bank Management School at Iowa State. In the mid 90’s he started Davidson Real Estate and has been a top broker in land sales in Northwest Missouri for many years. It has always been his goal to support the agricultural sector and plight of the farmer and thus the firm historically has focused on land and farm sales. Today the company is much more involved in residential and commercial real estate as well. Other interests are thoroughbred horse racing and hiking in Rocky Mountain National Park. (Also an avid MU basketball fan) You can contact Neal directly at 816.632.8043