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June 9, 2025
In the News
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.0150 | 4.4250 | 4.9275 |
| Soybeans | +0.1550 | 10.5725 | 11.8325 |
| Wheat | +0.2075 | 5.5475 | 7.0150 |
| Cattle | +10.80 | 226.30 | 182.20 |
| Hogs | +1.30 | 102.63 | 92.53 |
| Cotton | +0.56 | 65.62 | 77.21 |
| Milk | +0.15 | 18.77 | 19.50 |
| Crude Oil | +3.79 | 64.58 | 75.53 |
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Grain and oilseed futures were mostly firm on the week, with wheat showing the most strength. Fading hopes for an end to the war between Russia and Ukraine has helped underpin wheat prices, as those two countries continue to launch aggressive attacks within each others' borders. Wheat also has support from strong export sales for the 2025-26 marketing year, and by crop concerns including excessive moisture in parts of the southeastern Plains and drought in parts of the northern Plains into the Canadian prairies. Corn settled higher each of the last four days of the week but still posted a small weekly loss. A large safrinha crop in Brazil is a negative factor for corn, as is a generally benign weather outlook for the Midwest into late June. Grain and oilseeds traders continue to watch for trade news, particularly with regards to China. Cotton futures were firm but lacking direction in choppy trade, with soft demand limiting the market's upside. Crude oil prices rallied on OPEC production plans that are lower than some were expecting, and amid signs of a pullback in U.S. drilling activity.
In the livestock complex, live cattle futures ripped sharply higher on renewed support from very strong Plains cash cattle trade and technically-driven buying. Tightening U.S. cattle supplies remained the dominant market fundamental. Futures made fresh contract highs as well as another all-time high. There has been a clear pattern in the cattle market for some time now of strong cash markets leading futures higher, rather than the other way around. Feeder cattle futures also surged higher on support from the live cattle market strength and strong cash markets. Lean hog futures extended their rally emphatically, pushing to new contract highs on support from further seasonal strength in cash hog and wholesale pork prices amid seasonally weak hog slaughter.
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