The July 8, 2026, edition of the *Closing Market Report* covered commodity market fluctuations, regional agricultural updates, and international weather conditions. Farm broadcaster Todd Gleason hosted the program, noting that while the final numbers from the CME Group were unavailable, grain markets faced downward pressure due to geopolitical tensions in the Middle East, contrasting with a notable rise in crude oil prices. Greg Johnson of Total Grain Marketing discussed a 50% retracement on corn charts following the June crop report, outlining local crop conditions in Illinois and evaluating market dynamics like basis levels and Chinese export demand. The broadcast previewed four upcoming University of Illinois Extension and Crop Sciences field days across July, including events at the Orr Center, Heyworth, Monmouth, and Dixon Springs. Finally, Drew Lerner of World Weather Inc. provided an ag weather outlook, highlighting severe heat and moisture deficits hitting the northwestern Corn Belt and northern Plains, alongside extreme drought stress affecting crops across France and parts of Western Europe.
00:58 Ag Markets with Greg Johnson, Total Grain Marketing
08:56 Four Field Days to Close Out July
12:11 Ag Weather with Drew Lerner, World Weather Inc.