Overview
- Friday’s closes showed corn down 1 to 4 3/4 cents, soybeans fractionally lower after a weekly gain, winter wheat little changed to slightly higher, spring wheat slightly lower, and cotton up 3 to 13 points.
- Live cattle fell the $7.25 daily limit and feeder cattle dropped the $9.25 limit, with expanded limits set for Monday and boxed beef values higher on the day.
- Lean hogs finished mixed, the national base price slipped to $85.56 in the afternoon report, pork cutout rebounded to $102.74 per cwt, and weekly slaughter was estimated at 2.584 million head.
- With Export Sales, CFTC positioning and AWP notices suspended, traders tracked private indicators as November soybean options expired and the October average for November soybeans reached about $10.22 with five sessions remaining for crop-insurance pricing.
- Recent crude oil strength tied to new U.S. sanctions and reports of reduced Chinese buying lent cross-commodity support, while IGC estimates of higher 2025/26 world corn stocks at 299 MMT tempered grain rallies.