Show notes
The July 30, 2026, episode of the Closing Market Report covers recent developments in agricultural commodity markets, industry news, consumer trends, and regional weather forecasts. Market analyst Matt Bennett discusses the recent downturn in soybean and corn futures, attributing the market's sell-off to anticipated weekend rainfall across the dry Corn Belt. The agricultural news segment briefly highlights upcoming Farm Bill markup negotiations, updated USDA wetland determinations, and an expected increase in farmland supply entering the fall sales season. Next, CoBank livestock economist Abby Groves explains the rapid expansion of the $4.4 billion meat snack industry, noting that the 45% category growth is largely driven by consumers seeking convenient, high-protein options and the rising use of GLP-1 weight-loss medications. Concluding the broadcast, meteorologist Mike Tannura reviews the exceptionally warm and dry conditions of the past 15 days that have negatively impacted crop ratings, while forecasting a strong incoming weather system expected to bring one to three inches of stabilizing rain across the Midwest.01:22 Ag Markets with Matt Bennett, AgMarket.net07:38 WILLAg News Update10:15 Meat Snacks: Market Growth, GLP-1s, & Innovation17:28 Ag Weather with Mike Tannura, Tstorm.net ★ Support this podcast ★