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May 11, 2026
In the News
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn (Jul) | -0.0900 | 4.7125 | 4.4975 |
| Soybeans (Jul) | +0.0475 | 12.0800 | 10.5175 |
| Wheat (Jul) | -0.1775 | 6.1900 | 5.2175 |
| Cattle (Jun) | -4.10 | 248.90 | 214.675 |
| Hogs (Jun) | -1.950 | 90.875 | 90.375 |
| Cotton (Jul) | +0.54 | 84.73 | 66.61 |
| Milk (May) | -0.13 | 16.95 | 18.42 |
| Crude Oil (Jun) | -6.52 | 95.42 | 61.02 |
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Grain and oilseed futures were mixed on the week, with corn and wheat in particular coming under pressure amid favorable Midwest planting weather, weaker crude oil prices and technical selling. Corn posted a bearish outside week lower, retreating as crude oil fell amid optimism about an end to the war with Iran. Midwest weather has been generally favorable for planting and development, and Brazil is seeing improved rains in safrinha crop areas. Soybeans held up pretty well despite the weakness in corn and wheat, with strong soybean crush demand and a favorable U.S. biofuels policy shift driving the market. Cotton was under pressure for much of the week but took off again to the upside on Friday, making fresh two-year highs, and rice also surged, driven by reduced U.S. acres this spring and underlying uneasiness about global food security. Crude oil was weaker amid hopes of a peace deal between the U.S. and Iran, although those hopes have not come to fruition. Commodity traders are watching this week's meeting between President Trump and Xi Jinping, which has implications both for U.S.-Iran peace efforts and U.S. soybean exports, among other issues. The stock market continued to chug along to new highs.
In the livestock complex, live cattle retreated amid technical selling and demand concerns, and were lower on Friday even as cash cattle prices surged again. The fundamental signals in the market are still strong, but technicals are not. The 2026 futures contracts fell by about $4 on the week, even as live cattle traded $2-$3 higher in the southern Plains. Beef packer margins remain deep in the red. Lean hog futures were mixed last week amid soft wholesale pork values and weakening packer margins. July hogs were virtually unchanged on the week but remained more than $10 premium to the CME Lean Hog Index, which has not yet shown its normal seasonal strength.
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