6/18/26 Weekly Market Recap

Corn: Mixed on the week, but recovered some from last week's fall. July closed at $4.17 ½ . Support came from export demand, but pressure from favorable Midwest weather/crop conditions and broader commodity selling. The new crop December contract closed at $4.44 ¼ .

Soybeans: Rebounded notably mid-week on confirmed export business and technical buying, with China demand rumors helping. July closed at $11.22 ¾ . The new crop November contract closed at $11.42.

Wheat: Rebounded after last week's lows after some short covering. KC July closed at $6.44  and Chicago closed at $6.05. New Crop December KC closed at $6.65 ¾  and Chicago closed at $6.28 ¾ .

Cotton: Cotton also rebounded this week on some weather related news and some more short covering. The WASDE reported some tighter stocks which contributed to this week's price action. The July contract closed at $76.05.

Live Cattle: Relatively firm/supported by tight supplies, strong cash trade and some demand factors. The August contract closed at $246.625.

Feeder Cattle: Up on the week due to some fund buying, and overall cattle market strength. The screwworm situation is still being factored in. The August contract closed at $366.6.

Crude Oil: Volatile and under pressure recently, with sharp declines. Factors included U.S.-Iran developments/peace deal prospects increasing potential supply. The July contract closed the week at $69.44.

S&P 500: Showing resilience and gains in sessions amid equity strength, though some daily pullbacks. It has been supported by earnings, tech/IPO activity, and economic factors. It closed near the record highs at  7574.75.