5/15/26 Weekly Market Recap

Corn: This week, July corn futures traded in a volatile range , closing down at $4.5575 after early gains tied to the bullish May WASDE and Crop Production reports. The new crop December contract closed the week at $4.8125.

Soybeans: July soybeans saw strength early in the week on USDA reports and China trade optimism but fell late, dropping on Thursday amid disappointment over the Trump/Xi meeting outcomes and no major new purchase announcements. July closed at $11.77 and November closed at $11.71.

KC Wheat: July KC wheat rallied sharply mid-week on the USDA's production cuts in the May WASDE report closing limit up Tuesday. July closed the week at $6.88 and December closed at $7.1125.

Cotton: July cotton traded with volatility, showing gains early in the period supported by drought concerns and energy costs, but fell lower on Thursday. It was hit hard on Thursday and Friday as hopes of increased Chinese demand did not come to fruition, trading limit down Friday.

Crude Oil: June crude oil experienced some volatility from geopolitical tensions and war premium selling off early in the week before coming back up. It closed the week at $105.50. Volume is rolling from the June to the July contract.

Live Cattle: June live cattle showed resilience with strong cash trade. Cattle sold off slightly early in the week before rebounding back around highs closing at $253.90.

Feeder Cattle: August feeder cattle rallied mid-week alongside live cattle on strong cash markets and tight supplies, but also saw some pullbacks. The August contract closed the week at $361.45.
S&P 500: The S&P continues making all time highs closing above 7500 on Thursday. It closed the week around 7465.