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May 5, 2025
In the News
The next issue of Agri Marketing will include salutes to NAMA AgriBusiness Leader GROWMARK's CEO Mark Orr, Agri-Marketer Mktg Mgr Michell Egan and Ag Assn Leader Bob Peterson. To schedule your congratulating ad contact Audrey Evans at AudreyE@AgriMarketing.com
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.1750 | 4.6125 | 4.4700 |
| Soybeans | -0.0325 | 10.4875 | 12.0175 |
| Wheat | +0.1100 | 5.2650 | 6.0600 |
| Cattle | +1.50 | 211.10 | 176.675 |
| Hogs | +0.00 | 92.95 | 92.45 |
| Cotton | +3.80 | 70.18 | 77.36 |
| Milk | +0.19 | 18.49 | 18.14 |
| Crude Oil | -3.76 | 58.29 | 78.11 |
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Grain and oilseed futures were mixed in a week highlighted by corn's drop on favorable planting weather. Much of the Midwest has seen plenty of rain recently, which has slowed but not stopped planting, and the forecast through the first half of May shows ideal planting conditions across much of the Corn Belt. With the recent rains, crops are also getting planted in a favorable soil moisture environment. Ideas that corn will gain acreage because of the planting window hung over the market. Relatively tight near-term supplies limited the selling in old crop for now. Hopes for progress on a trade deal with China helped to limit the downside in soybeans, although there is little tangible evidence that trade relations between the U.S. and China are improving. Cotton futures surged on Friday. Wheat made new contract lows in both Chicago and Kansas City on favorable crop conditions before the market came roaring back late in the week. Crude oil came under renewed selling pressure as OPEC members were poised to raise production despite the recent price weakness, a bearish sign that Saudi Arabia is focused on winning back market share rather than propping up prices. Worries about the economy and recession also weighed on crude, although the stock market rallied.
The seemingly indestructible bull market in live cattle and feeder cattle futures continued amid surging cash cattle markets and wholesale beef prices. Surging wholesale beef prices and another jump in Plains cash prices supported the complex. Lean hog futures came under pressure the first half of the week from economic worries and month-end speculative position evening but bounced back on Thursday and Friday on support from firm cash fundamentals and seasonal buying as well as a stronger-than-expected U.S. employment report.
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