May 01 | Closing Market Report

- Ag Markets with Mike Zuzolo, GlobalCommResearch.com  
- Ag Weather with Eric Snodgrass, NutrienAgSolutions.com

The May 1, 2026, Closing Market Report features agricultural insights from market analyst Mike Zuzolo and meteorologist Eric Snodgrass. 

Zuzolo highlights that corn and wheat prices are currently finding support from energy markets, delayed U.S. planting due to poor weather, and a historic drought threatening Brazil's second-crop safrinha corn. He also warns of a deteriorating U.S. hard red winter wheat crop and potential energy market disruptions stemming from ongoing tensions in the Middle East. 

On the weather front, Snodgrass recaps the recent severe storms and tornadoes across Illinois, forecasting a shift toward cooler, drier conditions for the first half of May that will bring regional frost risks. Looking ahead to the summer, Snodgrass notes that a developing El Niño and current Pacific Ocean temperatures suggest the Midwest may experience a stormier, cooler-than-average season rather than extreme, yield-threatening heat.