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March 31, 2025
In the News
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.1100 | 4.5325 | 4.4200 |
| Soybeans | +0.1325 | 10.2300 | 11.9150 |
| Wheat | -0.3000 | 5.2825 | 5.6025 |
| Cattle | +1.925 | 208.825 | 185.00 |
| Hogs | +0.5750 | 86.700 | 86.625 |
| Cotton | +1.63 | 66.90 | 91.38 |
| Milk | +0.12 | 18.65 | 16.34 |
| Crude Oil | +1.08 | 69.36 | 83.17 |
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Grain and oilseed futures were mixed on the week, as traders awaited the March 31 planting intentions report and news on tariffs. Corn was pressured by expectations of a big jump in planted acres this spring. However the market ended strong on Friday, posting a bullish outside day higher. Generally favorable conditions in Brazil were a negative factor for prices. Soybeans meanwhile were higher as traders anticipated a decline in 2025 U.S. plantings. Soybeans posted a bullish outside week up on the weekly chart. Wheat futures tumbled, making a new contract low on Friday in benchmark May Chicago futures, with pressure from moisture in the U.S. Plains and favorable conditions in the Black Sea region. Cotton futures were higher amid short-covering after recent declines and expectations of a decline in U.S. acres. The March 31 Prospective Plantings report showed corn planting intentions at 95.3 million, up from 90.6 million planted in 2024 and above expectations, while soybean intentions of 83.5 million acres were down from 87.0 planted last year and near expectations. Spring and winter wheat acreage were both lower than expected. The next big question for the grain and oilseeds market is White House trade policy.
In the livestock complex, it was an extremely choppy week of trading for lean hog futures, which charted sizeable price ranges all five days. While futures were pushed higher by firm cash markets and expectations for seasonal cash strength, tariff concerns and wholesale pork market weakness weighed on prices. Thursday afternoon's quarterly Hogs and Pigs report from USDA was supportive for futures. Live cattle futures started out the week under pressure despite a seemingly supportive Cattle-on-Feed report, which was clearly already priced into the market. However, the sell-off was brief and futures wound up higher on the week, with front-end contracts strongest amid continued strong cash cattle trade and wholesale beef prices.
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