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September 15, 2025
In the News
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn (Dec.) | +0.1200 | 4.300 | 4.1325 |
| Soybeans (Nov.) | +0.1925 | 10.4625 | 10.0625 |
| Wheat (Dec.) | +0.0425 | 5.2350 | 5.7100 |
| Cattle (Oct.) | -6.0000 | 229.975 | 177.65 |
| Hogs (Oct.) | +1.10 | 97.125 | 78.45 |
| Cotton (Dec.) | +0.80 | 66.83 | 69.48 |
| Milk (Sep.) | -0.05 | 17.59 | 23.21 |
| Crude Oil (Oct.) | +0.82 | 62.69 | 68.65 |
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Grain and oilseed futures were mostly higher on the week, with corn rallying to an eight-week high in the most-active December contract while soybeans surged late in the week. Friday's USDA report actually looked bearish for corn, as it cut the U.S. crop yield less than expected while raising its already-high planted acreage estimate to a whopping 98.7 million, with the 2025-26 carryout estimate remaining large at 2.11 billion bushels. USDA also raised soybean acreage, although modestly. Uncertainty about the impact of disease on corn yields, particularly in the western Corn Belt, is helping underpin the market, while for soybeans there is concern about yield declines due to late-summer drought in the lower Midwest into the Mid-South. Wheat futures bounced back from fresh contract lows, but a favorable outlook for the U.S. hard red winter wheat crop and ample global competition for export markets hang over prices. The cotton market continues to lack much direction, and rice futures tumbled to new contract lows. The USDA report on Friday was bearish for rice and cut the season-average projected long-grain price by a full dollar.
In the livestock complex, things turned ugly for live cattle and feeder cattle futures, which suffered significant losses under further pressure from concerns about the U.S. economy and technically-driven long liquidation. Seasonal weakness in wholesale beef prices was also a negative market factor. Front-end lean hog futures spent most of the week working higher on continued support from their discounts to cash and firm wholesale pork prices. The cash hog market held firm despite seasonal increases in hog slaughter, although both cash and futures markets weakened on Friday. All futures months charted new contract highs at some point during the week, but back-end months were looking toppy on Friday.
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