Corn: July corn futures slid 11 ¾ cents to $4.55 ¾, nearer the daily low. The corn futures market saw follow-through profit-taking pressure and long liquidation alongside weakness in the soy complex and wheat. July corn lost 15 ½ cents on the week.
Soybeans: July soybeans dropped 15 ½ cents to end at $11.77, nearer the daily low and the lowest close in three weeks. July soybean meal rose $1.80 to $334.30, while July bean oil gained 22 points to 73.88 cents. NOPA said member crush came in at 211.856 million bushels of soybeans last month, down 6.3% from the 226.161 million bushels crushed in March but up 11.4% from the April 2025 crush of 190.226 million bushels. The figure was below estimates, with seasonal maintenance a likely factor. Soybeans have seen a drubbing over the past two sessions after President Donald Trump’s summit meeting with Chinese leader Xi Jinping failed to produce concrete commitments on additional purchases. July soybeans dropped 31 cents on the week, while July meal rose $14.60 and July soyoil lost 44 points.
Wheat: July SRW fell 22 ¼ cents to $6.35 ¾, but was up 16 ¾ cents on the week. July HRW fell 17 1/4 cents to $6.88 and September spring wheat shed 17 ¼ cents to $7.05 ¾. Profit-taking prevailed amid the selloff in corn and soybeans, but downside is seen limited after USDA earlier this week forecast the smallest U.S. crop since 1972. July HRW gained 12 ¼ cents on the week while September spring wheat was up 6 ¾ cents.
Cotton: July cotton futures fell 333 points to 80.61 cents, nearer the session low, hit a two-week low and for the week down 412 points. Cotton was also the victim of heavy profit taking after the Trump-Xi summit failed to produce any news on buying interest.
Cattle: June live cattle futures rose $1.825 to $253.90, near the daily high. For the week, June cattle were up $5.00. May feeder cattle futures gained $3.45 to $361.45, nearer the daily high. For the week, May feeders were down $2.775. Cash trade remained strong this week, pushing to new records and supporting futures. On Friday, China granted a five-year extension to hundreds of U.S. beef plant export registrations, marking the first major concrete movement in months on a trade issue that has significantly constrained access to one of the most important overseas markets for American beef.
Hogs: June lean hog futures fell $0.775 to $98.75, near the session low. For the week, June hogs were up 12 1/2 cents. The latest CME lean hog index is down 26 cents to $90.48. Monday’s projected cash index price is down another 2 cents to $90.46. The national direct five-day rolling average cash hog price quote for today was $94.50. The noon report today showed pork cutout value up $0.90 at $97.45, led by gains in loins and ribs. Movement at midday was solid at 203.07 loads.