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September 8, 2025
In the News
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.0100 | 3.9900 | 3.8375 |
| Soybeans | +0.2825 | 10.0650 | 9.8925 |
| Wheat | -0.1700 | 5.0100 | 5.5325 |
| Cattle | -5.925 | 235.975 | 175.175 |
| Hogs | +1.00 | 96.03 | 79.50 |
| Cotton | -0.82 | 64.39 | 67.12 |
| Milk | -0.47 | 17.64 | 22.78 |
| Crude Oil | -2.14 | 61.87 | 67.67 |
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Grain and oilseed futures were mostly lower on the week, amid broad weakness in commodities with pressure from expectations for big U.S. crops and a lack of crop threats globally. Weaker crude oil prices also helped set a negative tone. Concern about frost potential in the upper Midwest and dryness in the lower Midwest was offset by generally benign longer-range forecasts and the fast approach of the harvest. One positive is that low U.S. corn prices continue to spur big export demand, which remains a clear supportive factor for corn prices. Net U.S. corn export sales for 2025-26 have already reached 822.5 million bushels, which is more than double the sales that were on the books for 2024-25 at the same point last year. Soybean export demand has held up relatively well despite the absence of China as a buyer, which remains a key negative market factor. Wheat futures tumbled to new contract lows in all three classes. Cotton was also under pressure, and made a new five-month low, while rice is hovering near contract lows and on the verge of making a new five-year low.
In the livestock complex, some cracks appeared in the facade of the bull market in live cattle and feeder cattle futures during this short trading week. Futures felt pressure from technically-driven speculative profit taking and rising concerns about the health of the U.S. economy, with concern fanned by Friday's weak monthly jobs report. Futures losses were limited by continued strong fed cattle and wholesale beef trade. Lean hog futures were pressured coming out of the Labor Day weekend by expectations for increasing weakness in cash hog and wholesale pork prices due to seasonal increases in hog slaughter. However, the weakness was short-lived, with deferred futures breaking out to new contract highs on Friday on support from firm wholesale pork prices.
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