Apr 27 | Closing Market Report

Apr 27 | Closing Market Report

From Closing Market Report by Todd E. Gleason

April 27, 2026 · 24 min · Episode 10337

About this episode

This episode discusses the agricultural market trends and price movements for corn, soybeans, and wheat futures amid geopolitical and weather-related factors.

- Curt Kimmel, AgMarket.net - Middle East Ceasefire Fails to Ease Fertilizer Price Surge - farmdoc Webinar on Controlling Costs 11am Thursday - Chad Hart, Iowa State University - Mark Russo, EverStream.ai This April 27, 2026, agricultural market report highlights upward price movements across corn, soybeans, and wheat futures. Market analyst Curt Kimmel attributes the soybean rally to the European Union rejecting Argentine soybean meal cargoes due to the presence of the drought-resistant HB4 gene, while corn prices were supported by dry conditions in Brazil. Domestically, ongoing conflict in the Middle East has kept nitrogen fertilizer prices high, adding an estimated $30 to $55 per acre to 2026 corn crop costs. Iowa State economist Chad Hart noted that commodity prices are currently benefiting from both war and weather premiums, pointing out the contrast between widespread U.S. drought and overly wet planting conditions in parts of Iowa and Illinois. Finally, meteorologist Mark Russo forecasted a normal, albeit slightly cooler, spring weather pattern for the U.S. Corn Belt, while noting continued dryness in the western Plains, snow-delayed planting in the Canadian prairies, and…

People in this episode

Host: Todd E. Gleason

Guests: Curt Kimmel, Chad Hart, Mark Russo

Topics covered

  • agricultural market report
  • fertilizer prices
  • commodity prices
  • weather impact
  • corn and soybean futures

Keywords

  • fertilizer price surge
  • corn prices
  • soybean rally
  • drought conditions
  • market analysis

Mentioned in this episode

Organizations: AgMarket.net, Iowa State University, EverStream.ai

Places: Middle East, U.S. Corn Belt, Brazil, Iowa, Illinois, Canadian prairies

More episodes of Closing Market Report

Explore listener stats, chart rankings, contacts and more on the Closing Market Report podcast page.