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October 6, 2025
In the News
Be sure to register and attend the new NAMA Nexus--Oct. 14-15, Milwaukee, WI. Rather than traditional lecture-style sessions, you'll engage directly with peers and industry experts in dynamic, discussion-based sessions. For more information click here.
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn (Dec) | -0.0300 | 4.1900 | 4.2475 |
| Soybeans (Nov) | +0.0425 | 10.1800 | 10.3775 |
| Wheat (Dec) | -0.0450 | 5.1525 | 5.8975 |
| Cattle (Oct) | -0.7750 | 231.025 | 187.00 |
| Hogs (Oct) | -2.5250 | 98.975 | 84.025 |
| Cotton (Dec) | -1.10 | 65.30 | 73.60 |
| Milk (Oct) | +0.42 | 17.21 | 22.56 |
| Crude Oil (Nov) | -4.84 | 60.88 | 74.38 |
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Grain and oilseed futures were mixed in a relatively quiet week marked by the federal government shutdown and good harvest weather across the U.S. Before the Wednesday shutdown, USDA on Tuesday issued its quarterly Grain Stock report, and the corn market held up pretty well in the face of a bearish report. USDA put Sept. 1 corn stocks at 1.532 billion bushels, well above trade expectations and up more than 200 million from USDA's previous 2024-25 ending stocks estimate. The report implies corn disappearance in the marketing year was less than previously thought, which could impact the view for 2025-26 disappearance as well. The report was less eventful for soybeans, coming in slightly lower than USDA's prior 24-25 ending stocks estimate. Meanwhile warm and dry weather is enabling rapid harvest progress across the U.S., and in South America conditions early in the season are mostly favorable in both Argentina and Brazil. Rice futures fell to a fresh six-year low on weak demand and abundant global supplies. The federal government shutdown means most USDA reports will be postponed, including the Oct. 10 monthly Supply and Demand report, unless Congress reaches a deal.
In the livestock complex, it was a remarkably quiet week in the live cattle market with traders apparently going into wait-and-see mode after weeks of extreme price volatility. Most-active Dec. futures traded a range of only about $4.70 for the week, their smallest weekly range since late June and smaller than a number of recent daily ranges. The live cattle market has been largely consolidating sideways for the past four weeks or so. There was very little trade in southern Plains cash cattle markets, but trade in Nebraska was down sharply from the prior week. Lean hog futures came under pressure from weakness in wholesale pork and cash hog prices driven by seasonal production increases.
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