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Weekly Commodity Wrap

Closing Prices May 10th, 2019 and weekly change.



July Corn                           $351.75      down    19.50
July Soybeans                  $809.25      down     33.00
July Wheat                       $424.75      down     13.25
July KC Wheat                 $387.00      down     14.50


June Live Cattle               $112.450     down        .975
June Lean Hogs                 $89.675    down       3.075
August Feeder Cattle     $146.825         up          .45

This week was tough for anyone in agriculture to say the least! All the grain and livestock markets were sharply lower with the exception of feeder cattle which see come benefit from lower corn prices. With the increased tariffs, lack of any trade deal with China and the WASDE report showing increased global supplies  the markets simply melted down. Weather the next few weeks will determine if all the projected corn acres get planted and late plantings can affect yield. The markets just have an overwhelming amount of negative news and psychology affecting the trade.

Call any of our land agents for an on farm visit to discuss the current prices on farms in your area. We have seasoned professionals ready to go to work for you getting your land sold! Recent inquiries for land have been brisk with new listings getting multiple showings in the first couple of days. The market is definitely in the spring rush of activity.

To review our current inventory of farms and land for sale in Northwest Missouri click on this link Davidson Real Estate Farms for Sale

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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