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August 11, 2025
In the News
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| Most Read Items From Prior Issue of |  |
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.0675 | 3.8275 | 3.7675 |
| Soybeans | +0.0500 | 9.6675 | 10.2800 |
| Wheat | -0.0225 | 5.1450 | 5.4250 |
| Cattle | 2.40 | 232.55 | 184.25 |
| Hogs | 1.55 | 108.90 | 89.80 |
| Cotton | +0.90 | 65.32 | 67.09 |
| Milk | +0.17 | 17.37 | 20.48 |
| Crude Oil | -3.45 | 63.88 | 76.84 |
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Both corn and wheat futures fell to new contract lows before paring losses late in the week. Corn remained under pressure from favorable Midwest weather and rising crop yield estimates, with the higher end of estimates now topping 188 bushels per acre. The corn market was boosted, however, by robust weekly export sales as well as several daily "flash" export sales reported by USDA, reinforcing ideas that lower prices are stimulating demand. Strong weekly export sales also helped boost wheat. While not making new lows for the move, soybeans were lower on the week in most contracts amid favorable August weather and worries about demand. The demand outlook could change swiftly though: Late Sunday night, President Trump called on China to "quadruple" its soybean purchases, which could be a sign of a trade deal coming soon. Cotton futures fell to a four-month low before rebounding to close higher on the week. Rice futures also rebounded. The crude oil market remained under pressure from another OPEC production increase and lackluster gasoline demand.
In the livestock complex, it was another extremely volatile trading week in what has become a chronically volatile cattle futures market. Both live cattle and feeder cattle futures spent Monday through Thursday soaring to new contract highs on support from continued cash market strength and technically-driven buying, but spent Friday falling even faster under a flood of speculative profit taking on long positions. It is too early to tell if this is just yet another violent short-term correction in the long-term bull market for live cattle and feeder cattle. Feeder cattle futures did finish down their daily limits of $9.25 on Friday, but amazingly still posted gains for the week ranging from $4.83 to $8.78. Lean hog futures started the week strongly on support from their discounts to cash, lighter-than-expected slaughter and technically-driven buying.
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