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June 30, 2025
In the News
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.1125 | 4.1750 | 3.9725 |
| Soybeans | -0.4025 | 10.2775 | 11.5050 |
| Wheat | -0.4300 | 5.2475 | 5.5350 |
| Cattle | +1.725 | 224.750 | 193.50 |
| Hogs | +0.475 | 113.25 | 89.575 |
| Cotton | +3.48 | 67.52 | 69.81 |
| Milk | +0.10 | 18.77 | 19.93 |
| Crude Oil | -9.41 | 65.52 | 81.54 |
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Grain and oilseed futures spent much of the week in retreat amid technical selling and favorable Midwest weather as traders braced for the June 30 USDA acreage and quarterly stocks report. A hot June for much of the Midwest was accompanied by plenty of rain, leading to good crop growth conditions, and forecasts for the first half of July do not show the kind of heat and dryness that would be a threat to corn pollination. Corn and soybeans are also both pressured by large South American crops. Soybean meal futures fell to a nine-year low, pressured by soybean crop expectations and a bullish soybean crush outlook driven by soybean oil demand. Wheat was pressured by the ongoing winter wheat harvest and by easing concerns over war in the Middle east. Those easing concerns about war involving Iran, Israel and the U.S. also helped pressure the crude oil market. Grains got a little boost late in the week from news that the U.S. and China had agreed to a "framework" for trade discussions. As for the June 30 USDA reports, they came in largely neutral versus expectations, with corn and soybean acreage down slightly from March planting intentions.
In the livestock complex, live cattle and feeder cattle futures struggled to hold any price strength through most of the week, grinding lower under pressure from technically-driven speculative profit taking and a softer cash market tone. However, both live cattle and feeder cattle futures surged sharply higher on Friday on support from their continued wide discounts to cash. Continued strength in the U.S. stock market, including a new all-time high for the S&P 500, was also supportive. Lean hog futures endured a choppy week of trading amid slowing strength in cash hog prices. Most-contracts fell on the week, ending a 4-to 5-week string of weekly gains.
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