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Weekly Commodity Wrap

Closing Prices May 17th, 2019 and weekly change.



July Corn                           $383.25          up      31.50
July Soybeans                  $821.75          up      12.50
July Wheat                       $465.00          up      40.25
July KC Wheat                 $420.25          up      33.25


June Live Cattle               $111.275     down     1.175
June Lean Hogs                 $92.375         up      2.700
August Feeder Cattle     $145.500         up       1.325

We finally got a week where the grain market rallied significantly due to the slow planting progress. While this portends to be bullish for corn it may not be so much for soybeans as some of the intended corn acres may switch to soybeans. Next Monday’s crop planting progress will determine the next move. The cattle market was lower with hogs ending higher. However late news suggest more exports of beef to Japan in the near future.

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