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September 29, 2025
In the News
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn (Dec) | -0.0200 | 4.2200 | 4.1800 |
| Soybeans (Nov) | -0.1175 | 10.1375 | 10.6575 |
| Wheat (Dec) | -0.0275 | 5.1975 | 5.8000 |
| Cattle (Oct) | -1.775 | 231.80 | 183.75 |
| Hogs (Oct) | +3.7500 | 101.50 | 82.05 |
| Cotton (Dec) | +0.11 | 66.40 | 73.54 |
| Milk (Oct) | -0.08 | 17.57 | 23.30 |
| Crude Oil (Nov) | +3.32 | 65.72 | 66.22 |
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Grain and oilseed futures were mostly lower on the week amid harvest pressure, mostly favorable weather and growing concern over the lack of buying of soybeans by China. Weather forecasts indicate mostly warm, dry Midwest conditions will persist through early October, creating a window for aggressive early corn and soybean harvesting. While corn demand has been strong recently, for soybeans China's continued absence hangs over the market, with no sign of a trade deal on the near-term horizon. Adding insult to injury, Argentina relaxed its export tax briefly during the week and sold a large amount of soybeans to China, reportedly meeting a signification portion of their needs for later this year, at a time when the U.S. market typically relies on exports. Wheat export demand has been solid, but a favorable outlook for hard red winter wheat in the Plains and few crop problems elsewhere are limiting the upside for the market, which remains near contract lows. Cotton futures lack direction, and the market continues to suffer from weak demand. Investors ended the week looking for news on a potential government shutdown on Wednesday morning.
In the livestock complex, both live cattle and feeder cattle futures surged sharply on Monday after Mexico reported a New World Screwworm infestation in a cow just 70 miles south of the U.S. border. However, Monday's price surge appeared to attract fresh hedge selling and futures struggled the rest of the week. Sluggish feedlot marketings, falling wholesale beef prices and plunging packer operating margins helped to fuel speculative long liquidation as well. Lean hog futures started the week by jumping out to new contract highs on support from continued firm cash hog and wholesale pork prices. Futures then consolidated, before surging higher again on Friday after the quarterly Hogs and Pigs report came in solidly bullish, indicating smaller-than-expected U.S. hog supplies and farrowing intentions.
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