May 04 | Closing Market Report

May 04 | Closing Market Report

From Closing Market Report by Todd E. Gleason

May 4, 2026 · 24 min · Episode 10342

About this episode

The episode discusses a strong rally in agricultural commodities and highlights key insights from market analysts and agronomists.

- Ag Markets with Curt Kimmel - Pesticide Resistant Alfalfa Weevils - Search Google for cropCentral - Commodity Markets with Ed Usset - Ag Weather with Mark Russo The May 4, 2026, Closing Market Report highlights a strong rally in agricultural commodities, with corn and soybeans experiencing significant gains driven by global events, high crude oil prices, and speculative fund buying. Market analysts Curt Kimmel and Ed Usset emphasize that farmers should immediately capitalize on these higher price levels—such as $5.00 for December corn and $12.00 for November soybeans—to lock in profitable new-crop sales. In agronomic updates, entomologist Nick Seiter reports increasing pyrethroid insecticide resistance in alfalfa weevils across the Midwest and encourages producers to participate in a regional management survey. Finally, agricultural meteorologist Mark Russo notes that while the U.S. Corn Belt has faced unseasonably cold and dry weather, planting continues at a steady pace, and Europe is forecasted to receive beneficial rainfall to relieve recent dry conditions. ★ Support this podcast ★

People in this episode

Host: Todd E. Gleason

Guests: Curt Kimmel, Ed Usset, Mark Russo

Topics covered

  • agriculture
  • commodity markets
  • weather
  • pesticide resistance
  • crop management

Keywords

  • agriculture
  • corn
  • soybeans
  • commodity markets
  • pesticide resistance
  • weather

Mentioned in this episode

Products: pyrethroid insecticide

Places: Midwest, U.S. Corn Belt, Europe

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