July 9, 2014
by William C. Bailey
School of Agriculture
Western Illinois University
If you are around people involved in agriculture, the question “What’s the market doing?” will eventually come up. While there may be variations – “How’s the market?” or “Anything going on in the markets?” the question is really about is price. Prices for corn, soybeans, hogs, cattle, and other commodities of interest to the questioner- and the question is about what those prices are doing. For people involved in agriculture, markets mean price and price is central to agriculture.
Let’s take a look at two markets – soybeans and cattle to answer the question “What’s the market doing?” First, soybeans.