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October 27, 2025
In the News
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn (Dec) | +0.0075 | 4.2325 | 4.1525 |
| Soybeans (Nov) | +0.2225 | 10.4175 | 9.8775 |
| Wheat (Dec) | +0.0875 | 5.1250 | 5.6900 |
| Cattle (Dec) | -7.9000 | 233.925 | 189.70 |
| Hogs (Dec) | -0.4750 | 81.90 | 79.675 |
| Cotton (Dec) | -0.08 | 64.20 | 72.91 |
| Milk (Oct) | -0.10 | 16.89 | 22.73 |
| Crude Oil (Dec) | +4.35 | 61.50 | 71.78 |
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Grain and oilseed futures were mostly higher on the week, climbing to multi-week highs with key support from optimism that the U.S. and China will reach a trade deal. The Trump administration confirmed late in the week and he would be meeting with China's Xi Jinping this week in South Korea, and officials over the weekend said that an agreement on a "framework" of a deal had been reached between the two countries, with the U.S. saying it would include soybean purchases. Short-covering after recent losses and technical buying fed the rally. Other supportive market factors include U.S. yields that have come in lower than expected in many cases, a lack of farmer selling, and questions about dryness in some key growing areas of Brazil. Cotton was unable to sustain a rally despite some support from the China outlook, and the rice market completely disregarded the strength in the rest of the grains complex, making a new six-year low once again. Crude oil futures rallied, propelled early in the week by the Trump administration's move to slap sanctions on Russian oil companies. The stock market made new highs as investors anticipate an interest rate cut by the Fed this week, and corporate earnings continue to top expectations.
In the livestock complex, live cattle futures tumbled, with the selloff seemingly sparked by Trump administration moves to lower beef prices, which have become a concern amid the broader fight against inflation. Trump made social media posts calling out ranchers, and the administration is reportedly moving forward with plans to import more beef from Argentina. Those imports would still be a small percentage of U.S. consumption however. The cattle complex was also pressured by speculation the U.S. could re-open the border with Mexico to cattle imports, and given the cattle market's historic surge this year, it was primed for profit-taking.
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