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October 13, 2025
In the News
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn (Dec) | -0.0600 | 4.1300 | 4.1575 |
| Soybeans (Nov) | -0.1125 | 10.0675 | 10.0550 |
| Wheat (Dec) | -0.1675 | 4.9850 | 5.9900 |
| Cattle (Dec) | +8.325 | 242.825 | 188.60 |
| Hogs (Dec) | -3.275 | 84.025 | 84.075 |
| Cotton (Dec) | -1.46 | 63.84 | 72.21 |
| Milk (Oct) | -0.29 | 16.92 | 22.53 |
| Crude Oil (Nov) | -1.98 | 58.90 | 75.56 |
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Grain and oilseed futures were on the defensive for most of the week amid broad weakness in commodities and harvest pressure. Wheat, cotton and rice futures all made new contract lows, with limited demand and ample world supplies weighing on all three markets. Corn and soybeans also slipped, pressured by a pessimistic outlook on U.S.-China trade as the two countries escalated their rhetoric and trade barriers. On Friday President Trump said that he saw "no reason" to meet with China's Xi Jinping in South Korea later this month as previously planned, although by Oct. 13 the White House was taking a less combative tone. Meanwhile China has continued to be an aggressive buyer of soybeans from South America while shunning the U.S. Losses in corn and soybean futures were limited as interior basis levels for both markets are holding up well despite the harvest. USDA's monthly Supply and Demand report was not issued due to the government shutdown, but most traders see corn and soybean production ultimately coming in lower than USDA's September estimates. Outside markets were volatile, with crude oil plummeting below $60 per barrel and gold making a new all-time high.
In the livestock complex, live cattle and feeder cattle futures charts ended the week looking very bullish once again, as the markets again took off to the upside to new contract highs. The spark to start the week was Mexico reporting another case of New World Screwworm in the province of Nuovo Leon, near the U.S. border, which put a damper on any hopes for imports of Mexican feeder cattle to be reopened and sent feeder cattle futures soaring. Live cattle futures followed the feeder market higher throughout the week. Futures shook off a significant round of speculative profit taking on Friday to extend their rally on support from stronger Plains cash trade.
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