5/29/26 Weekly Market Recap

Corn: Lower on the week. July corn closed at $4.46 ¾  down several cents.. Pressure came from favorable U.S. planting weather and weakness in crude oil. New Crop December closed at $4.74 ¾ .

Soybeans: Mixed to slightly softer overall. July soybeans closed at $11.86 ¾ . Soybean meal was weaker, while oil provided some support. The November contract closed at $11.90 ¼ .

KC Wheat: July KC wheat closed at $6.49 ¾  down from the beginning of the week. The whole wheat complex faced selling on improved crop ratings and lack of fresh demand news. The December new crop closed at $6.77.

Cotton: July cotton closed the week at $76.15. It showed sensitivity to energy moves and global demand signals.

Live Cattle: Mixed but held relatively firm in spots. August contracts saw some big  moves lower, closing at $239.05. Cash trade remained relatively high.

Feeder Cattle: Weaker on the week. August feeders closed at $348.425. Technical selling and boxed beef dynamics affected prices.

Crude Oil: Highly volatile. July WTI crude swung through the week on geopolitical news around the U.S.-Iran developments and eventually closed at $87.76.

S&P 500: Positive for the week, extending a strong streak of all time highs. It closed at 7590.50.