|
|
|
|
November 10, 2025
In the News
Be sure to register and attend the Nat'l Assn of Farm Broadcasting (NAFB) annual convention Nov. 19-21, KCMO. For more information click here. |
| Most Read Items From Prior Issue of |  |
|
|
|
|
|
|
|
 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn (Dec) | -0.0425 | 4.2725 | 4.3100 |
| Soybeans (Nov) | -0.0975 | 10.9000 | 10.1675 |
| Wheat (Dec) | -0.0625 | 5.2775 | 5.7250 |
| Cattle (Dec) | -5.2500 | 221.35 | 183.70 |
| Hogs (Dec) | -1.8250 | 79.40 | 80.425 |
| Cotton (Dec) | -1.92 | 63.62 | 70.98 |
| Milk (Nov) | -0.19 | 17.20 | 20.03 |
| Crude Oil (Dec) | -1.23 | 59.75 | 70.38 |
|
Grain and oilseed futures were lower amid a weak environment for commodities generally. The grains complex was firm early in the week, with soybeans and wheat rallying to new multi-month high amid optimism about Chinese demand in the wake of the trade deal that was announced by the U.S. Although China was slow to affirm the deal publicly, it did lower tariffs and restored licenses to some companies that export to China. However, there are still questions about China's commitment to buy U.S. soybeans, and there were no signs of large purchases yet. Also a purchase of U.S. wheat fell short of what was expected based on wire reports early in the week. With the U.S. harvest all but wrapped up, traders are looking ahead to a USDA crop report and supply and demand update scheduled for Nov. 14, while also keeping an eye on South American weather. Conditions there early in the season are mostly favorable, although there is uneasiness over dryness in parts of central Brazil. Cotton retreated amid disappointment that there are no signs of it being included in a U.S.-China trade deal. Rice futures continued to retreat, making a new contract low in the January contract.
In the livestock complex, it was another ugly week for live cattle and feeder cattle futures as speculative longs continued to run for the exits. Some pressure on prices appeared to come from growing speculation that the resumption of U.S. cattle imports from Mexico might not be far off. But much of the carnage was driven by technical weakness and a shift in sentiment, with traders now seemingly looking to sell rallies, rather than buy breaks. It was also an ugly week for lean hog futures as they came under continued pressure from weakening cash fundamentals and were also caught in the downdraft from plunging cattle futures.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
