Groups like the National Cattlemen’s Beef Association have expressed significant concerns about President Donald Trump’s plan to buy beef from Argentina to lower the price of beef for U.S. consumers. “Argentina has a history of Foot and Mouth Disease,” said NCBA CEO Colin Woodall. “Consumer demand remains strong because of the work producers have done to improve the quality and safety of U.S. beef.” Rob Larew, president of the National Farmers Union, said lowering beef prices for consumers starts with restoring fairness in the marketplace. 

“Plus, the White House bailed out Argentina with $40 billion in taxpayer-backed aid, and Argentina responded by striking new deals to sell soybeans to China.” American Farm Bureau President Zippy Duvall said adverse weather and low cattle prices drove herd numbers to levels not seen in decades. “Weaker cattle prices are the last thing needed in farm country as farmers consider investing to rebuild their herds,” Duvall said.  

Groups like the National Cattlemen’s Beef Association have expressed significant concerns about President Donald Trump’s plan to buy beef from Argentina to lower the price of beef for U.S. consumers. “Argentina has a history of Foot and Mouth Disease,” said NCBA CEO Colin Woodall. “Consumer demand remains strong because of the work producers have done to improve the quality and safety of U.S. beef.” Rob Larew, president of the National Farmers Union, said lowering beef prices for consumers starts with restoring fairness in the marketplace. “Plus, the White House bailed out Argentina with $40 billion in taxpayer-backed aid, and Argentina responded by striking new deals to sell soybeans to China.” American Farm Bureau President Zippy Duvall said adverse weather and low cattle prices drove herd numbers to levels not seen in decades. “Weaker cattle prices are the last thing needed in farm country as farmers consider investing to rebuild their herds,” Duvall said. -NAFB

Groups react to beef imports from Argentina

The National Corn Growers Association is pointing to California as an example of what could be achieved around the country after the state enacted a law extending access to E15 fuels. It’s estimated that if consumers had been able to access E15 in California during 2025, it would have created a demand for close to 250 million additional bushels of corn, which would represent 12 percent of the expected excess corn supply this year. 

“The sheer buying power of the millions of people on the road in California promises to increase demand for corn in ethanol, which is good news for the nation’s corn growers,” said NCGA President Joe Bower. “Now we want to see Congress act to extend access to year-round E15 to every state in the country.” He added that “Farmers see what’s possible with California’s new law, and it’s time for Congress to follow suit.”

The National Corn Growers Association is pointing to California as an example of what could be achieved around the country after the state enacted a law extending access to E15 fuels. It’s estimated that if consumers had been able to access E15 in California during 2025, it would have created a demand for close to 250 million additional bushels of corn, which would represent 12 percent of the expected excess corn supply this year. “The sheer buying power of the millions of people on the road in California promises to increase demand for corn in ethanol, which is good news for the nation’s corn growers,” said NCGA President Joe Bower. “Now we want to see Congress act to extend access to year-round E15 to every state in the country.” He added that “Farmers see what’s possible with California’s new law, and it’s time for Congress to follow suit.”-NAFB

California E15 mandate good for the U.S.

December corn closed down 3 1/2 cents and March corn was down 3 1/4 cents. November soybeans closed down 1 cent and January soybeans were down 1 1/2 cents. December KC wheat closed down 5 cents, December Chicago wheat was down 4 1/2 cents, December Minneapolis wheat was down 3 3/4 cents.

Ag futures took a breather following a strong four day run up in prices as traders are content at this point to pause and reevaluate positions ahead of the end of U.S. harvest and the upcoming trade meeting between President Trump and President Xi of China. Technical resistance in the row crop markets likely also played a role in incentivizing some selling on Tuesday. For outside markets, the most notable storyline for Tuesday was the sudden and volatile reversal in gold futures, reported by the Wall Street Journal to be among the largest single day loss in over a decade, just one session removed from setting yet another record high as profit-taking seemed to morph into compounding fear induced selling as the session wore on. This was a source of widespread pressure on commodities for Tuesday, and agricultural markets were no exception.

Although the live cattle complex originally started the day off weaker, the market changed its direction and again traded higher into the day's closing bell. The market continues to recover some of the position lost last Friday as traders believe that the market's fundamentals will continue to support the market's bullish underpinning. Still no developments have occurred in the fed cash cattle market, and trade will likely be delayed until the second half of the week.

The feeder cattle complex also traded higher into Tuesday's close, but the market isn't doing so wildly. The feeder cattle contracts were trading around $1.00 higher throughout most of the contracts, through most of the session, seeming to keep right in line with the live cattle market's pace, but not storming $3.00 to $5.00 higher like the contracts did just a couple of weeks ago. More than anything, traders seem to respect and acknowledge the strong fundamental position, but at the same time, they see and are keenly aware of the technical risk that lingers.

The lean hog complex was trading higher as well into Tuesday's close, as the market is potentially finding somewhat of a bottom in the futures complex. After trailing mostly lower since late September, the lean hog complex could be establishing a support plane.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/21140541/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 3 1/2 cents and March corn was down 3 1/4 cents. November soybeans closed down 1 cent and January soybeans were down 1 1/2 cents. December KC wheat closed down 5 cents, December Chicago wheat was down 4 1/2 cents, December Minneapolis wheat was down 3 3/4 cents.Ag futures took a breather following a strong four day run up in prices as traders are content at this point to pause and reevaluate positions ahead of the end of U.S. harvest and the upcoming trade meeting between President Trump and President Xi of China. Technical resistance in the row crop markets likely also played a role in incentivizing some selling on Tuesday. For outside markets, the most notable storyline for Tuesday was the sudden and volatile reversal in gold futures, reported by the Wall Street Journal to be among the largest single day loss in over a decade, just one session removed from setting yet another record high as profit-taking seemed to morph into compounding fear induced selling as the session wore on. This was a source of widespread pressure on commodities for Tuesday, and agricultural markets were no exception.LIVESTOCK:Although the live cattle complex originally started the day off weaker, the market changed its direction and again traded higher into the day's closing bell. The market continues to recover some of the position lost last Friday as traders believe that the market's fundamentals will continue to support the market's bullish underpinning. Still no developments have occurred in the fed cash cattle market, and trade will likely be delayed until the second half of the week.The feeder cattle complex also traded higher into Tuesday's close, but the market isn't doing so wildly. The feeder cattle contracts were trading around $1.00 higher throughout most of the contracts, through most of the session, seeming to keep right in line with the live cattle market's pace, but not storming $3.00 to $5.00 higher like the contracts did just a couple of weeks ago. More than anything, traders seem to respect and acknowledge the strong fundamental position, but at the same time, they see and are keenly aware of the technical risk that lingers. The lean hog complex was trading higher as well into Tuesday's close, as the market is potentially finding somewhat of a bottom in the futures complex. After trailing mostly lower since late September, the lean hog complex could be establishing a support plane. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/21140541/web-closing-markets.mp3">Click HERE for audio</a>

Commodity markets daily recap

The government shutdown and resulting absence of USDA data has left a big void in the volatile grain and oilseed markets. In order to fill the gap, Farm Journal conducted a survey to get an update on yields and harvest progress as well as other topics on the minds of producers. The biggest takeaway is that U.S. corn yields are estimated to be lower compared with USDA’s September estimates in six of the seven Pro Farmer Crop Tour states. 

Due to disease pressure and dry weather, the 2025 national yield could be lower than the 2024 average of 179.3 bushels. As of mid-October, yields are steady to lower for 74 percent of the respondents from the Crop Tour states. That’s a long way from the higher production for each state’s estimate in USDA’s September Crop Production Report. The biggest decline appears to be in Illinois, down seven percent from September. 

The government shutdown and resulting absence of USDA data has left a big void in the volatile grain and oilseed markets. In order to fill the gap, Farm Journal conducted a survey to get an update on yields and harvest progress as well as other topics on the minds of producers. The biggest takeaway is that U.S. corn yields are estimated to be lower compared with USDA’s September estimates in six of the seven Pro Farmer Crop Tour states. Due to disease pressure and dry weather, the 2025 national yield could be lower than the 2024 average of 179.3 bushels. As of mid-October, yields are steady to lower for 74 percent of the respondents from the Crop Tour states. That’s a long way from the higher production for each state’s estimate in USDA’s September Crop Production Report. The biggest decline appears to be in Illinois, down seven percent from September. -NAFB

Farm Journal survey says corn yields are decreasing

A new report from Mizhuo investment bank said potash and phosphate fell last week, while nitrogen was mostly unchanged. The price of potash in New Orleans fell about 1.5 percent to $328 per ton, while Midwest costs declined 0.7 percent to $373 a ton. The report said phosphate prices dropped slightly to $851 a ton. “Phosphate affordability is at its lowest level since 2008, and continues to raise concerns about demand referral and destruction,” the report said. 

Nitrogen prices were mostly unchanged last week at about $376 a ton in New Orleans and $435 per ton in the Midwest. “Supply disruptions and delays in capacities coming online have led to higher ammonia prices, with the benchmark Tampa price recently settled up $40 in October following a $53-per-metric-ton increase in September." Despite some volatility and recent declines, overall fertilizer prices are still considered high compared to long-term averages.

A new report from Mizhuo investment bank said potash and phosphate fell last week, while nitrogen was mostly unchanged. The price of potash in New Orleans fell about 1.5 percent to $328 per ton, while Midwest costs declined 0.7 percent to $373 a ton. The report said phosphate prices dropped slightly to $851 a ton. “Phosphate affordability is at its lowest level since 2008, and continues to raise concerns about demand referral and destruction,” the report said. Nitrogen prices were mostly unchanged last week at about $376 a ton in New Orleans and $435 per ton in the Midwest. “Supply disruptions and delays in capacities coming online have led to higher ammonia prices, with the benchmark Tampa price recently settled up $40 in October following a $53-per-metric-ton increase in September." Despite some volatility and recent declines, overall fertilizer prices are still considered high compared to long-term averages.-NAFB

Weekly phosphate, potash prices fall

December corn closed up 3/4 cents and March corn was up 1/2 cents. November soybeans closed up 12 1/4 cents and January soybeans were up 13 1/4 cents. December KC wheat closed down 1 1/2 cents, December Chicago wheat was up 1 cent, December MIAX Minneapolis wheat was unchanged.

Grain markets were sluggish to begin the new week with corn and wheat futures both hitting chart resistance in their path to higher prices. Meanwhile, the soybean complex moved firmly higher again to open the week following a weekend agreement between U.S. and Chinese officials to reopen the dialogue on trade, with more talks planned for later this week ahead of the meeting between President's Trump and Xi at the end of the month. The trade optimism was alive in outside markets as well, with equities higher. However, lower energy markets continue to serve as a headwind to agricultural commodities, with crude oil falling ever closer to the May low to start the week.

The live cattle complex is luckily trading higher early this week, as traders seem to be moving past the emotion turmoil that ran rampant throughout the marketplace on Friday as President Trump stated that he wants beef prices to cheapen. New showlists appear to be lower in all major feeding areas again this week.

After closing lower Friday afternoon, the lean hog complex is back to trading slightly higher, closing mixed, as the market could be finding some technical footing and luckily pork demand was up slightly this morning.&nbsp;

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/06194004/30001.mp3">Click Here for Audio</a>

Grains:December corn closed up 3/4 cents and March corn was up 1/2 cents. November soybeans closed up 12 1/4 cents and January soybeans were up 13 1/4 cents. December KC wheat closed down 1 1/2 cents, December Chicago wheat was up 1 cent, December MIAX Minneapolis wheat was unchanged.Grain markets were sluggish to begin the new week with corn and wheat futures both hitting chart resistance in their path to higher prices. Meanwhile, the soybean complex moved firmly higher again to open the week following a weekend agreement between U.S. and Chinese officials to reopen the dialogue on trade, with more talks planned for later this week ahead of the meeting between President's Trump and Xi at the end of the month. The trade optimism was alive in outside markets as well, with equities higher. However, lower energy markets continue to serve as a headwind to agricultural commodities, with crude oil falling ever closer to the May low to start the week.Livestock:The live cattle complex is luckily trading higher early this week, as traders seem to be moving past the emotion turmoil that ran rampant throughout the marketplace on Friday as President Trump stated that he wants beef prices to cheapen. New showlists appear to be lower in all major feeding areas again this week.After closing lower Friday afternoon, the lean hog complex is back to trading slightly higher, closing mixed, as the market could be finding some technical footing and luckily pork demand was up slightly this morning.&nbsp;<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/06194004/30001.mp3">Click Here for Audio</a>

The federal government shutdown has continued, resulting in another week without the USDA publishing a Crop Progress report. According to a Reuters poll of 10 analysts, the U.S. corn harvesting progress lagged behind last year’s pace. On average, the analysts estimated that 44% of the U.S. corn crop had been harvested as of Sunday, with estimates ranging from 35% to 55% for corn. 

Here’s a closer look at the corn crop progress in Iowa, Illinois, and Nebraska through the perspective of local agronomists:

In Iowa, Eric Wilson, Wyffels agronomy manager, shared that corn harvest is moving quickly, with some farmers in his area nearing the end of corn harvest.

Phil Krieg, agronomy service representative for Syngenta Crop Protection in Illinois, shared that corn harvest is 60% complete.

Travis Gustafson, agronomic service representative for Syngenta Crop Protection in Nebraska, estimated that 10–15% of corn has been harvested.

The federal government shutdown has continued, resulting in another week without the USDA publishing a Crop Progress report. According to a Reuters poll of 10 analysts, the U.S. corn harvesting progress lagged behind last year’s pace. On average, the analysts estimated that 44% of the U.S. corn crop had been harvested as of Sunday, with estimates ranging from 35% to 55% for corn. Here’s a closer look at the corn crop progress in Iowa, Illinois, and Nebraska through the perspective of local agronomists:In Iowa, Eric Wilson, Wyffels agronomy manager, shared that corn harvest is moving quickly, with some farmers in his area nearing the end of corn harvest. Phil Krieg, agronomy service representative for Syngenta Crop Protection in Illinois, shared that corn harvest is 60% complete. Travis Gustafson, agronomic service representative for Syngenta Crop Protection in Nebraska, estimated that 10–15% of corn has been harvested.-NAFB

Agronomists Share Corn Harvest Insights Amid USDA Reporting Pause

The top Senate Republican is privately warning the White House that American farmers — a key GOP constituency — will continue to suffer if the Trump administration doesn’t reopen the flow of certain farm loans amid the government shutdown. 

Senate Majority Leader John Thune is quietly pressing the administration officials to let farmers continue to access Marketing Assistance Loans, which allow them to meet cash flow needs during harvest season and as they make planting decisions for next year, according to four people with direct knowledge of the conversations, including two Trump officials. 

Politico reports that would also require USDA to reopen thousands of shuttered county Farm Service Agency offices across the country in order to facilitate those loans. So far, administration officials say they have no plans to shift other money around for the agriculture loans like they’ve done with troop pay and other priorities. “We’re working that issue, and I hope to get an answer soon,” Thune said in a brief interview Thursday.&nbsp;

The top Senate Republican is privately warning the White House that American farmers — a key GOP constituency — will continue to suffer if the Trump administration doesn’t reopen the flow of certain farm loans amid the government shutdown. Senate Majority Leader John Thune is quietly pressing the administration officials to let farmers continue to access Marketing Assistance Loans, which allow them to meet cash flow needs during harvest season and as they make planting decisions for next year, according to four people with direct knowledge of the conversations, including two Trump officials. Politico reports that would also require USDA to reopen thousands of shuttered county Farm Service Agency offices across the country in order to facilitate those loans. So far, administration officials say they have no plans to shift other money around for the agriculture loans like they’ve done with troop pay and other priorities. “We’re working that issue, and I hope to get an answer soon,” Thune said in a brief interview Thursday.&nbsp;-NAFB

Thune Urges Trump to Open Up Farm Loans

Kansas officials issued a public notice after testing confirmed the invasive Asian longhorned tick was identified in Franklin County and posed an emerging threat to animal and human health. Successful Farming reports this was the first known detection in Kansas of the prolific tick, which afflicts wildlife, pets, and livestock. 

The tick is a hazard for cattle as it infects red and white blood cells and causes weakness, fever, loss of appetite, and even death. The reddish-brown tick is known to carry a variety of pathogens and has proven efficient at establishing populations in new areas due to its ability to reproduce without mating. In Asia, the tick has transmitted a virus causing human hemorrhagic fever. 

“Right now, our concern is mainly for cattle,” said Gregg Hanzlicek, a Kansas State University professor.&nbsp;&nbsp;“But like any tick, people should take precautions: wear long sleeves, use insect repellent, and check for ticks after being in grassy or wooded areas.”

Kansas officials issued a public notice after testing confirmed the invasive Asian longhorned tick was identified in Franklin County and posed an emerging threat to animal and human health. Successful Farming reports this was the first known detection in Kansas of the prolific tick, which afflicts wildlife, pets, and livestock. The tick is a hazard for cattle as it infects red and white blood cells and causes weakness, fever, loss of appetite, and even death. The reddish-brown tick is known to carry a variety of pathogens and has proven efficient at establishing populations in new areas due to its ability to reproduce without mating. In Asia, the tick has transmitted a virus causing human hemorrhagic fever. “Right now, our concern is mainly for cattle,” said Gregg Hanzlicek, a Kansas State University professor.&nbsp;&nbsp;“But like any tick, people should take precautions: wear long sleeves, use insect repellent, and check for ticks after being in grassy or wooded areas.”-NAFB

Kansas Health, Agriculture Officials Warn About Presence of Invasive Asian Longhorned Tick

December corn closed up 3/4 of a cent and March corn was up 1 cent. November soybeans closed up 8 3/4 cents and January soybeans were up 8 1/4 cents. December KC wheat closed up 2 3/4 cents, December Chicago wheat was up 1 1/4 cents, December Minneapolis wheat was down 1 cent.

December corn closed up 9 1/2 cents and March corn was up 7 1/2 cents. November soybeans closed up 12 3/4 cents and January soybeans were up 13 1/2 cents. December KC wheat closed up 8 1/2 cents, December Chicago wheat was up 5 1/4 cents and December Minneapolis wheat was down 3 1/4 cents.

Corn, soy, and wheat markets continued their weekly recovery efforts, gaining back losses from last week's trade-war-induced selloff. President Trump said early Friday he still plans to meet with China's President Xi in South Korea at the end of the month, ahead of a Nov. 1 target date to potentially raise tariffs against China in response to recent restrictions imposed on rare-earth exports by China. This is providing some optimism to traders that, as was the case through the summer, an extension of the previous "trade truce" will be achieved, although how soybeans and other key ag exports will fare in any such agreement remains in the balance. Stock indices were higher following the president's comments, while higher gasoline and diesel prices for Friday also supported corn and soy futures.

It was a tumultuous session for the live cattle complex, as the market opened in a panicked manner, as on Thursday afternoon, President Trump shared that the administration is going to do something about beef prices being too high. Although no specific details have been shared just yet, there's a belief that some sort of deal could have been done with Argentina, as President Trump just met with their President, Javier Milei, at the White House. This comes at such an un-opportunistic time as the fed cash cattle market is trading anywhere from $5.00 to $9.00 higher, which should have a bolstering effect on the market, but this looming news has clouded that positive fundamental achievement. This news development has been gut-wrenching for the market as the cattle complex was just in the middle of adding another record-breaking high to the complex's already impressive rally, but this development has completely shaken the complex.

It comes as no real surprise that the news from President Trump about a potential fix on beef prices being too high sent the feeder cattle complex limit lower in all of its contracts except the soon-to-expire October 2025 contract. This news development has been gut-wrenching for the market as the cattle complex was just in the middle of adding another record-breaking high to the complex's already impressive rally, but this development has completely shaken the complex.

The lean hog complex traded mostly higher, although a couple of the nearby contracts traded slightly lower. The market's positive turn could be partly because of the uptick in pork cutout prices, but it could also be that traders believe the market has traded lower enough for the time being.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/17141317/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 3/4 of a cent and March corn was up 1 cent. November soybeans closed up 8 3/4 cents and January soybeans were up 8 1/4 cents. December KC wheat closed up 2 3/4 cents, December Chicago wheat was up 1 1/4 cents, December Minneapolis wheat was down 1 cent.For the Week:December corn closed up 9 1/2 cents and March corn was up 7 1/2 cents. November soybeans closed up 12 3/4 cents and January soybeans were up 13 1/2 cents. December KC wheat closed up 8 1/2 cents, December Chicago wheat was up 5 1/4 cents and December Minneapolis wheat was down 3 1/4 cents.Corn, soy, and wheat markets continued their weekly recovery efforts, gaining back losses from last week's trade-war-induced selloff. President Trump said early Friday he still plans to meet with China's President Xi in South Korea at the end of the month, ahead of a Nov. 1 target date to potentially raise tariffs against China in response to recent restrictions imposed on rare-earth exports by China. This is providing some optimism to traders that, as was the case through the summer, an extension of the previous "trade truce" will be achieved, although how soybeans and other key ag exports will fare in any such agreement remains in the balance. Stock indices were higher following the president's comments, while higher gasoline and diesel prices for Friday also supported corn and soy futures.LIVESTOCK:It was a tumultuous session for the live cattle complex, as the market opened in a panicked manner, as on Thursday afternoon, President Trump shared that the administration is going to do something about beef prices being too high. Although no specific details have been shared just yet, there's a belief that some sort of deal could have been done with Argentina, as President Trump just met with their President, Javier Milei, at the White House. This comes at such an un-opportunistic time as the fed cash cattle market is trading anywhere from $5.00 to $9.00 higher, which should have a bolstering effect on the market, but this looming news has clouded that positive fundamental achievement. This news development has been gut-wrenching for the market as the cattle complex was just in the middle of adding another record-breaking high to the complex's already impressive rally, but this development has completely shaken the complex.It comes as no real surprise that the news from President Trump about a potential fix on beef prices being too high sent the feeder cattle complex limit lower in all of its contracts except the soon-to-expire October 2025 contract. This news development has been gut-wrenching for the market as the cattle complex was just in the middle of adding another record-breaking high to the complex's already impressive rally, but this development has completely shaken the complex. The lean hog complex traded mostly higher, although a couple of the nearby contracts traded slightly lower. The market's positive turn could be partly because of the uptick in pork cutout prices, but it could also be that traders believe the market has traded lower enough for the time being. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/17141317/web-closing-markets.mp3">Click HERE for audio</a>

High premiums on Brazilian cargoes are discouraging soybean buyers in China, which means the country has yet to secure much of its needed soybean supply for December and January. Reuters says the development could prompt the Chinese government to tap state reserves to meet the near-term needs. China covered its needs through November with hefty buys from Argentina in recent weeks, but still needs eight to nine million metric tons for December and January. 

Escalating Washington-Beijing trade tensions continue to shut American soybeans from the market. “China isn’t buying U.S. beans because of the trade war, and Brazilian beans have become too expensive,” one oilseed trader at an international trading company that supplies agricultural products to China told Reuters anonymously. “China might end up using its own reserves for its year-end needs and into early next year, and will wait until the new South American harvest comes in.” 

High premiums on Brazilian cargoes are discouraging soybean buyers in China, which means the country has yet to secure much of its needed soybean supply for December and January. Reuters says the development could prompt the Chinese government to tap state reserves to meet the near-term needs. China covered its needs through November with hefty buys from Argentina in recent weeks, but still needs eight to nine million metric tons for December and January. Escalating Washington-Beijing trade tensions continue to shut American soybeans from the market. “China isn’t buying U.S. beans because of the trade war, and Brazilian beans have become too expensive,” one oilseed trader at an international trading company that supplies agricultural products to China told Reuters anonymously. “China might end up using its own reserves for its year-end needs and into early next year, and will wait until the new South American harvest comes in.” -NAFB

China holding off on Brazil soybean purchases

The Federal Reserve Bank of Kansas City launched the Center for Agriculture and the Economy. This initiative underscores the Bank’s ongoing commitment to including perspectives from agriculture and rural areas in discussions on the national economy. “For many years, the Kansas City Fed has provided critical insights into one of the nation’s most vital industries, which is agriculture,” said Jeff Schmid, president and CEO of the Kansas City Fed. “The establishment of the Center formally recognizes our District’s investment in the area and highlights the vital importance that we place on gathering insights from all of those who have a role in the ag economy.” 

The new Center will serve as a resource within the Federal Reserve System by providing timely analysis of industry developments and conducting ongoing research on the agricultural economy and the rural regions where production predominates. Production agriculture is central to the Tenth District’s overall economy. 

The Federal Reserve Bank of Kansas City launched the Center for Agriculture and the Economy. This initiative underscores the Bank’s ongoing commitment to including perspectives from agriculture and rural areas in discussions on the national economy. “For many years, the Kansas City Fed has provided critical insights into one of the nation’s most vital industries, which is agriculture,” said Jeff Schmid, president and CEO of the Kansas City Fed. “The establishment of the Center formally recognizes our District’s investment in the area and highlights the vital importance that we place on gathering insights from all of those who have a role in the ag economy.” The new Center will serve as a resource within the Federal Reserve System by providing timely analysis of industry developments and conducting ongoing research on the agricultural economy and the rural regions where production predominates. Production agriculture is central to the Tenth District’s overall economy. -NAFB

Kansas City Fed launches Center for Agriculture and the Economy

December corn closed up 5 cents and March corn was up 3 1/4 cents. November soybeans closed up 4 1/4 cents and January soybeans were up 4 1/4 cents. December KC wheat closed up 1/2 cents, December Chicago wheat was up 3 3/4 cents, December Minneapolis wheat was down 1 1/2 cents.

Corn, soybean and (for the most part) wheat markets were higher on Thursday as traders continue to speculate how far production in 2025 could fall from prior estimates amid talk of lower-than-expected yields. Compounding that effect were reminders this week that the demand for U.S. grains and oilseeds remains very strong, especially within the U.S. Outside markets were mixed on Thursday as renewed trade war concerns are weighing on equities, with the Dow Jones Industrial Average down for the seventh time in the past ten session. Energy markets are also lower, closing in on May lows for crude oil futures.

With the anticipation that fed cash cattle prices will trade higher again this week; traders continued to push the live cattle contracts at least softly higher into Thursday's closing bell. Again, today it's the market's deferred contacts that are seeing the biggest day-over-day gains as everyone in the industry is clearly recognizing that although supplies are thin now, they're going to become even thinner before the cowherd is rebuilt. A few bids are now on the table in the North, where packers are offering $370 for dressed cattle. But at this point, still no cash cattle have traded. Asking prices are set in the South at $240 plus, and in eastern Nebraska at $380.

The feeder cattle complex also traded higher into Thursday's close as traders continue to believe in the market's positive long-term fundamentals. Demand has been utterly incredible this week in sales across the countryside, as shown by the CME feeder cattle index's rally, which reached a new all-time high Wednesday afternoon at $374.47.

The lean hog complex was again trading lower as the market simply isn't seeing the fundamental support it needs to give traders enough confidence that the contracts should trade steady to somewhat higher. Yes, pork cutout values may be a tick stronger, but overall demand has been volatile, and traders want steadfast confidence.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/16140939/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 5 cents and March corn was up 3 1/4 cents. November soybeans closed up 4 1/4 cents and January soybeans were up 4 1/4 cents. December KC wheat closed up 1/2 cents, December Chicago wheat was up 3 3/4 cents, December Minneapolis wheat was down 1 1/2 cents.Corn, soybean and (for the most part) wheat markets were higher on Thursday as traders continue to speculate how far production in 2025 could fall from prior estimates amid talk of lower-than-expected yields. Compounding that effect were reminders this week that the demand for U.S. grains and oilseeds remains very strong, especially within the U.S. Outside markets were mixed on Thursday as renewed trade war concerns are weighing on equities, with the Dow Jones Industrial Average down for the seventh time in the past ten session. Energy markets are also lower, closing in on May lows for crude oil futures.LIVESTOCK:With the anticipation that fed cash cattle prices will trade higher again this week; traders continued to push the live cattle contracts at least softly higher into Thursday's closing bell. Again, today it's the market's deferred contacts that are seeing the biggest day-over-day gains as everyone in the industry is clearly recognizing that although supplies are thin now, they're going to become even thinner before the cowherd is rebuilt. A few bids are now on the table in the North, where packers are offering $370 for dressed cattle. But at this point, still no cash cattle have traded. Asking prices are set in the South at $240 plus, and in eastern Nebraska at $380.The feeder cattle complex also traded higher into Thursday's close as traders continue to believe in the market's positive long-term fundamentals. Demand has been utterly incredible this week in sales across the countryside, as shown by the CME feeder cattle index's rally, which reached a new all-time high Wednesday afternoon at $374.47.The lean hog complex was again trading lower as the market simply isn't seeing the fundamental support it needs to give traders enough confidence that the contracts should trade steady to somewhat higher. Yes, pork cutout values may be a tick stronger, but overall demand has been volatile, and traders want steadfast confidence. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/16140939/web-closing-markets.mp3">Click HERE for audio</a>

Representatives Elise Stefanik and Rick Crawford have reintroduced the Promoting Agriculture Safeguards and Security Act that will protect U.S. national security by prohibiting foreign adversaries from purchasing or controlling American agricultural land and businesses. “Food security is national security, and I’m proud to reintroduce this legislation that will stand up against our foreign adversaries as they attempt to control our agriculture industry,” Stefanik said. “The U.S. cannot allow ownership bids of assets by communist China, Russia, Iran, and North Korea to undermine the efforts of our farmers, who work hard to feed and fuel our communities.” 

The PASS Act will ensure that the USDA is involved in reviewing foreign acquisitions of American agricultural land and businesses, and blacklists America’s foreign adversaries from controlling U.S. agricultural land. Representative Crawford added, “U.S. agriculture is a critical industry with real and significant impacts on our national security.”   

Representatives Elise Stefanik and Rick Crawford have reintroduced the Promoting Agriculture Safeguards and Security Act that will protect U.S. national security by prohibiting foreign adversaries from purchasing or controlling American agricultural land and businesses. “Food security is national security, and I’m proud to reintroduce this legislation that will stand up against our foreign adversaries as they attempt to control our agriculture industry,” Stefanik said. “The U.S. cannot allow ownership bids of assets by communist China, Russia, Iran, and North Korea to undermine the efforts of our farmers, who work hard to feed and fuel our communities.” The PASS Act will ensure that the USDA is involved in reviewing foreign acquisitions of American agricultural land and businesses, and blacklists America’s foreign adversaries from controlling U.S. agricultural land. Representative Crawford added, “U.S. agriculture is a critical industry with real and significant impacts on our national security.” -NAFB

Agriculture Safeguards and Security Act reintroduced in congress

The National Farmers Union recently sent letters to President Trump and Congressional leaders urging immediate action to provide economic relief to family farmers and ranchers facing deteriorating economic conditions. NFU emphasized that aid should reach the family farm operations that need it most. The group also asked for parallel efforts to rebuild fair markets and curb corporate consolidation in agriculture. “Family farmers and ranchers face severe economic challenges and a deepening crisis if they don’t receive assistance,” said NFU President Rob Larew. 

Larew emphasized that aid payments must be directed to family agricultural operations and balanced among regions and crops. The payments must be paired with efforts to investigate monopolies in the agriculture industry and their resulting impacts on the farm economy. Resources must also be dedicated to developing new and enhanced domestic markets for American crops while enhancing existing markets, including markets at the local and regional level. 

The National Farmers Union recently sent letters to President Trump and Congressional leaders urging immediate action to provide economic relief to family farmers and ranchers facing deteriorating economic conditions. NFU emphasized that aid should reach the family farm operations that need it most. The group also asked for parallel efforts to rebuild fair markets and curb corporate consolidation in agriculture. “Family farmers and ranchers face severe economic challenges and a deepening crisis if they don’t receive assistance,” said NFU President Rob Larew. Larew emphasized that aid payments must be directed to family agricultural operations and balanced among regions and crops. The payments must be paired with efforts to investigate monopolies in the agriculture industry and their resulting impacts on the farm economy. Resources must also be dedicated to developing new and enhanced domestic markets for American crops while enhancing existing markets, including markets at the local and regional level. -NAFB

Farmers union asking for relief for family farms and ranches

December corn closed up 3 3/4 cents and March corn was up 3 cents. November soybeans closed unchanged and January soybeans were unchanged as well. December KC wheat closed down 1/4 cents, December Chicago wheat was down 1 1/2 cents, December Minneapolis wheat was down 2 1/2 cents.

For the most part, grains and oilseed markets were steady to slightly higher at midweek as traders continue to form price opinions without input from USDA and other government agency reports. The latest development in the U.S.-China trade war was President Trump's comments late Tuesday that the U.S. is preparing to restrict Chinese imports on goods such as cooking oil in retaliation to the boycott of U.S. soybeans, which supported U.S. soybean oil futures on Wednesday. Meanwhile, equity markets were higher, more-or-less recovering losses from last week's trade scare as investors continue to shrug off greater trade war concerns. Energy markets were lower again Wednesday, with crude oil futures closing in once again on May lows which were at the time the lowest price in over four years.

Following the tremendous gains seen earlier this week, the live cattle complex traded mixed as traders appear more cautious, seeming to need more fundamental support to develop before they'll advance the contracts any higher. Still no cash cattle trade has developed, but it is assumed that feedlot managers are going to aim for higher prices again this week. No bids have surfaced yet, and it's assumed that the market won't see some trade develop until Thursday or Friday. Asking prices are noted at $240 plus in the South.

The feeder cattle complex has been one of the biggest driving factors in the cattle market's recent rally, but it also traded mixed into Wednesday's closing bell, as traders have seemed to notice the immense gains the market has seen recently and want to see more fundamental support arise before they push the market any higher.

The lean hog complex traded higher as the futures seemed to find some footing in the marketplace after plummeting lower on Wednesday. Thankfully, the market is trading further away from its support plane at $82.00, which was a concern heading into the day as traders haven't been overly supportive of the market this week. But with a little improvement in the cash market, traders feel as though the market has traded lower enough for the near term.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/15135459/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 3 3/4 cents and March corn was up 3 cents. November soybeans closed unchanged and January soybeans were unchanged as well. December KC wheat closed down 1/4 cents, December Chicago wheat was down 1 1/2 cents, December Minneapolis wheat was down 2 1/2 cents.For the most part, grains and oilseed markets were steady to slightly higher at midweek as traders continue to form price opinions without input from USDA and other government agency reports. The latest development in the U.S.-China trade war was President Trump's comments late Tuesday that the U.S. is preparing to restrict Chinese imports on goods such as cooking oil in retaliation to the boycott of U.S. soybeans, which supported U.S. soybean oil futures on Wednesday. Meanwhile, equity markets were higher, more-or-less recovering losses from last week's trade scare as investors continue to shrug off greater trade war concerns. Energy markets were lower again Wednesday, with crude oil futures closing in once again on May lows which were at the time the lowest price in over four years.LIVESTOCK:Following the tremendous gains seen earlier this week, the live cattle complex traded mixed as traders appear more cautious, seeming to need more fundamental support to develop before they'll advance the contracts any higher. Still no cash cattle trade has developed, but it is assumed that feedlot managers are going to aim for higher prices again this week. No bids have surfaced yet, and it's assumed that the market won't see some trade develop until Thursday or Friday. Asking prices are noted at $240 plus in the South.The feeder cattle complex has been one of the biggest driving factors in the cattle market's recent rally, but it also traded mixed into Wednesday's closing bell, as traders have seemed to notice the immense gains the market has seen recently and want to see more fundamental support arise before they push the market any higher. The lean hog complex traded higher as the futures seemed to find some footing in the marketplace after plummeting lower on Wednesday. Thankfully, the market is trading further away from its support plane at $82.00, which was a concern heading into the day as traders haven't been overly supportive of the market this week. But with a little improvement in the cash market, traders feel as though the market has traded lower enough for the near term.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/15135459/web-closing-markets.mp3">Click HERE for audio</a>

The U.S. has traditionally had a healthy agricultural trade surplus for years. As global dynamics change due to multiple political and economic factors, U.S. agricultural imports now exceed exports. A new study says the deficit is likely to get worse in the years ahead. University of Illinois and Texas Tech University researchers say the U.S. is importing much more than it exports. 

From 2017 to 2018, the dispute between the U.S. and China resulted in export values dropping by $9 billion (73 percent) for soybeans, $432 million (67 percent) for wheat, $93 million (61 percent) for corn, and $313 million (37 percent) for sorghum. The total value of lost agricultural exports amounted to approximately $14 billion. At the same time, the U.S. is losing export markets to other large grain producers like Brazil, Canada, Australia, and Ukraine. The only good news is that the U.S. is actively working on new trade agreements. 

The U.S. has traditionally had a healthy agricultural trade surplus for years. As global dynamics change due to multiple political and economic factors, U.S. agricultural imports now exceed exports. A new study says the deficit is likely to get worse in the years ahead. University of Illinois and Texas Tech University researchers say the U.S. is importing much more than it exports. From 2017 to 2018, the dispute between the U.S. and China resulted in export values dropping by $9 billion (73 percent) for soybeans, $432 million (67 percent) for wheat, $93 million (61 percent) for corn, and $313 million (37 percent) for sorghum. The total value of lost agricultural exports amounted to approximately $14 billion. At the same time, the U.S. is losing export markets to other large grain producers like Brazil, Canada, Australia, and Ukraine. The only good news is that the U.S. is actively working on new trade agreements. -NAFB

Study shows agriculture exports faltering

The National FFA Organization is one of six national organizations to receive a $10 million grant from Lily Endowment, Inc. The grants are being awarded through the latest round of Lily Endowment’s initiative, called the “Character Through Youth Programs,” which helps youth-serving organizations with a nationwide reach create, test, implement, and sustain strategies that support character development in young people ages five to 18. 

“The organizations like National FFA have a long history of supporting young people and helping them grow into healthy, resilient adults,” said Ted Maple, Lily Endowment’s vice president for education and youth programs. “With their distinctive missions and programs, they are embarking on new creative and strategic approaches to support youth-serving organizations through the first round of the initiative.” Ambra Tennery, director of education programs in the programs and events division for the National FFA Organization, said, “We are honored to receive this support from Lily Endowment.”

The National FFA Organization is one of six national organizations to receive a $10 million grant from Lily Endowment, Inc. The grants are being awarded through the latest round of Lily Endowment’s initiative, called the “Character Through Youth Programs,” which helps youth-serving organizations with a nationwide reach create, test, implement, and sustain strategies that support character development in young people ages five to 18. “The organizations like National FFA have a long history of supporting young people and helping them grow into healthy, resilient adults,” said Ted Maple, Lily Endowment’s vice president for education and youth programs. “With their distinctive missions and programs, they are embarking on new creative and strategic approaches to support youth-serving organizations through the first round of the initiative.” Ambra Tennery, director of education programs in the programs and events division for the National FFA Organization, said, “We are honored to receive this support from Lily Endowment.”-NAFB

FFA receives a $10 million grant

December corn closed up 2 1/4 cents and March corn was up 2 cents. November soybeans closed down 1 1/4 cents and January soybeans were down 1 cent. December KC wheat closed up 7 1/4 cents, December Chicago wheat was up 3 1/2 cents, December Minneapolis wheat was up 2 cents.

Row-crop futures were mixed Tuesday with grains trading higher while soybean futures fell on the most recent escalation of the U.S.-China trade war as China hit U.S. subsidiaries of a South Korean shipbuilding company with sanctions. Data out from the Brazilian National Supply Company also served as a reminder to traders of record soybean supplies in Brazil and subsequently what have been record-setting exports as well that have sustained into the typical U.S. sales window due to the ongoing dispute with China. Outside markets were mixed with the U.S. dollar seemingly feeling for a momentary ceiling near 2-month highs which aided wheat markets Tuesday. Meanwhile, energy markets were lower on the China-U.S. shipping news but did manage to bounce off daily lows following a speech by Fed Chair Jerome Powell which hinted at a slowing of the 3-year effort by the Federal Reserve to reduce its asset holdings, a move which would work to effectively pressure interest rates and stimulate growth. Stock indices reversed from early losses following Powell's comments.

Although the live cattle complex started the day off weaker, the market turned its direction and traded fully higher into the closing bell as traders were pleased to see morning boxed beef prices higher again. Again today, the uptick in the futures complex has pushed most of the nearby contracts to new contract highs. Still no developments have surfaced in the fed cash cattle market, and it's likely that with feedlot managers able to push prices higher last week, they'll again try to advance the market and wait to trade any of their pens until late in the week.

Once again leading the charge, the feeder cattle complex traded fully higher into Tuesday's close, with a snappy $4.00 to $5.00 rally being the theme throughout the complex. With strong equity markets, cheap feed and incredible demand, it's been almost easy for the feeder cattle market to push the contracts higher as demand continues to be wildly strong.

The lean hog complex hasn't been as fortunate today as its contracts traded lower and are nearing support thresholds in the spot December contract. One would hope that the support plane around $82.00 would hold strong and not be broken through, but with demand being fickle in the hog sector right now, it's anyone's guess how low traders are going to send this thing. Yes, pork cutout values were up a bit this morning, but traders are going to need to see more than a midday report's worth of higher prices before they'll say that demand is truly shining through in the market.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/14143038/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 2 1/4 cents and March corn was up 2 cents. November soybeans closed down 1 1/4 cents and January soybeans were down 1 cent. December KC wheat closed up 7 1/4 cents, December Chicago wheat was up 3 1/2 cents, December Minneapolis wheat was up 2 cents.Row-crop futures were mixed Tuesday with grains trading higher while soybean futures fell on the most recent escalation of the U.S.-China trade war as China hit U.S. subsidiaries of a South Korean shipbuilding company with sanctions. Data out from the Brazilian National Supply Company also served as a reminder to traders of record soybean supplies in Brazil and subsequently what have been record-setting exports as well that have sustained into the typical U.S. sales window due to the ongoing dispute with China. Outside markets were mixed with the U.S. dollar seemingly feeling for a momentary ceiling near 2-month highs which aided wheat markets Tuesday. Meanwhile, energy markets were lower on the China-U.S. shipping news but did manage to bounce off daily lows following a speech by Fed Chair Jerome Powell which hinted at a slowing of the 3-year effort by the Federal Reserve to reduce its asset holdings, a move which would work to effectively pressure interest rates and stimulate growth. Stock indices reversed from early losses following Powell's comments.LIVESTOCK:Although the live cattle complex started the day off weaker, the market turned its direction and traded fully higher into the closing bell as traders were pleased to see morning boxed beef prices higher again. Again today, the uptick in the futures complex has pushed most of the nearby contracts to new contract highs. Still no developments have surfaced in the fed cash cattle market, and it's likely that with feedlot managers able to push prices higher last week, they'll again try to advance the market and wait to trade any of their pens until late in the week.Once again leading the charge, the feeder cattle complex traded fully higher into Tuesday's close, with a snappy $4.00 to $5.00 rally being the theme throughout the complex. With strong equity markets, cheap feed and incredible demand, it's been almost easy for the feeder cattle market to push the contracts higher as demand continues to be wildly strong.The lean hog complex hasn't been as fortunate today as its contracts traded lower and are nearing support thresholds in the spot December contract. One would hope that the support plane around $82.00 would hold strong and not be broken through, but with demand being fickle in the hog sector right now, it's anyone's guess how low traders are going to send this thing. Yes, pork cutout values were up a bit this morning, but traders are going to need to see more than a midday report's worth of higher prices before they'll say that demand is truly shining through in the market.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/14143038/web-closing-markets.mp3">Click HERE for audio</a>

The farmland market continued its year-long search for direction in the third quarter. The economists at Agricultural Economic Insights say that, depending on the survey and the time frame, farmland prices moved slightly up, down a bit, or stayed flat. This is evidence of a market that is plateauing and trying to find reasons for prices to go either up or down. The factors influencing the land market continued to be in flux, with more questions than answers at this juncture. 

Activity in the farmland market during the fourth quarter of 2025 and into 2026 will depend on buyers’ and sellers’ views of the ever-changing factors. The supply of farmland for sale and the level of demand to buy it will continue to be a big influencing factor in the land market. One of the biggest unknowns is the geopolitical factor, including tariffs, trade negotiations, and U.S. grain and livestock exports. 

The farmland market continued its year-long search for direction in the third quarter. The economists at Agricultural Economic Insights say that, depending on the survey and the time frame, farmland prices moved slightly up, down a bit, or stayed flat. This is evidence of a market that is plateauing and trying to find reasons for prices to go either up or down. The factors influencing the land market continued to be in flux, with more questions than answers at this juncture. Activity in the farmland market during the fourth quarter of 2025 and into 2026 will depend on buyers’ and sellers’ views of the ever-changing factors. The supply of farmland for sale and the level of demand to buy it will continue to be a big influencing factor in the land market. One of the biggest unknowns is the geopolitical factor, including tariffs, trade negotiations, and U.S. grain and livestock exports. -NAFB

Farmland market didn’t find direction in Q3

The Association of Equipment Manufacturers’ monthly Flash Report said the sales of all tractors during September 2025, in the U.S., were up four percent from the same month last year. In September, dealers sold a total of 17,729 tractors, which compares to 17,033 sold in September 2024. For the month, two-wheel drive smaller tractors under 40 horsepower sales were up three percent from last year, while those 40 and under 100 horsepower were up 17 percent. 

That was offset by a sharp drop in the sales of larger tractor models. Combine sales in September totaled 414, which was down 22 percent from the same time last year. For the year, tractor sales are down eight percent. One-hundred-plus-horsepower tractor sales are down 25 percent, while sales of four-wheel-drive tractors are down 39 percent. For the year, combine sales totaled 2,668 through September, which is 40 percent below the same time last year.

The Association of Equipment Manufacturers’ monthly Flash Report said the sales of all tractors during September 2025, in the U.S., were up four percent from the same month last year. In September, dealers sold a total of 17,729 tractors, which compares to 17,033 sold in September 2024. For the month, two-wheel drive smaller tractors under 40 horsepower sales were up three percent from last year, while those 40 and under 100 horsepower were up 17 percent. That was offset by a sharp drop in the sales of larger tractor models. Combine sales in September totaled 414, which was down 22 percent from the same time last year. For the year, tractor sales are down eight percent. One-hundred-plus-horsepower tractor sales are down 25 percent, while sales of four-wheel-drive tractors are down 39 percent. For the year, combine sales totaled 2,668 through September, which is 40 percent below the same time last year.-NAFB

U.S. combine sales down 40 percent

December corn closed down 2 1/4 cents and March corn was down 1 3/4 cents. November soybeans closed up 1 cents and January soybeans were up 2 cents. December KC wheat closed down 1 3/4 cents, December Chicago wheat was down 1 3/4 cents, December Minneapolis wheat was down 1/4 cents.

Corn, soy, and wheat futures trade was two-sided to start the week but managed to gain a footing after sliding back toward recent lows largely as a result of a sudden flare up in trade tensions between the U.S. and China after China announced a series of export restrictions on rare-earth minerals as well as retaliatory shipping fees against the U.S. For now, things on that front have cooled over the weekend, with President Trump calling last week's development "a bad moment" and expressing confidence in the relationship. Treasury Secretary Scott Bessent reiterated early Monday that negotiations would move forward as well, at least temporarily easing market fears as stock indices were able to recover Monday from what was their worst day since April on Friday. Energy markets also rebounded to start the week, although crude prices remain within striking distance of calendar-year lows.

The live cattle complex continued to inch higher into this new week as the market is well supported by traders and its fundamentals. Last week, the fed cash cattle market was interesting as trade not only waited to develop until Friday, but there weren't even enough cattle traded in the South to say that any sort of a market trend was established. At any moment now, USDA should release the weekly report, which breaks down how many cattle were sold last week, at what price and for what delivery option they were committed to. It will be imperative to check that report when it's available as that will likely indicate how aggressive packers will be in this week's market. But nevertheless, the futures market is pleased with the support in which it saw last week and is eager to continue to push the contracts higher again this morning. New showlists appear to be a tad lower in Nebraska/Colorado and Texas and lower in Kansas. Last week, Northern dressed cattle didn't begin trading until Friday where most of the cattle were marked at $362, which is $2.00 higher than the previous week's weighted average. Southern live cattle were marked anywhere from $230 to $234.

And just like the live cattle complex, the feeder cattle contracts were also rallying into Monday's closing bell. But the one significant difference about the two markets this morning is that the feeder cattle complex is currently seeing the biggest day-over-day gains in its deferred contracts, which are traded mostly over $2.00 higher. Again today, the uptick in the contracts' prices reaches new contract highs in most of the nearby contracts.

It's likely that the uptick in the cattle contracts along with the stabilization in the equity markets is helped the lean hog contracts find support early this week. It's also helping matters that pork cutout values were higher, which is mainly being pushed by the picnic's $5.95 gain and the rib's $4.62 jump.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/13143640/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 2 1/4 cents and March corn was down 1 3/4 cents. November soybeans closed up 1 cents and January soybeans were up 2 cents. December KC wheat closed down 1 3/4 cents, December Chicago wheat was down 1 3/4 cents, December Minneapolis wheat was down 1/4 cents.Corn, soy, and wheat futures trade was two-sided to start the week but managed to gain a footing after sliding back toward recent lows largely as a result of a sudden flare up in trade tensions between the U.S. and China after China announced a series of export restrictions on rare-earth minerals as well as retaliatory shipping fees against the U.S. For now, things on that front have cooled over the weekend, with President Trump calling last week's development "a bad moment" and expressing confidence in the relationship. Treasury Secretary Scott Bessent reiterated early Monday that negotiations would move forward as well, at least temporarily easing market fears as stock indices were able to recover Monday from what was their worst day since April on Friday. Energy markets also rebounded to start the week, although crude prices remain within striking distance of calendar-year lows.LIVESTOCK:The live cattle complex continued to inch higher into this new week as the market is well supported by traders and its fundamentals. Last week, the fed cash cattle market was interesting as trade not only waited to develop until Friday, but there weren't even enough cattle traded in the South to say that any sort of a market trend was established. At any moment now, USDA should release the weekly report, which breaks down how many cattle were sold last week, at what price and for what delivery option they were committed to. It will be imperative to check that report when it's available as that will likely indicate how aggressive packers will be in this week's market. But nevertheless, the futures market is pleased with the support in which it saw last week and is eager to continue to push the contracts higher again this morning. New showlists appear to be a tad lower in Nebraska/Colorado and Texas and lower in Kansas. Last week, Northern dressed cattle didn't begin trading until Friday where most of the cattle were marked at $362, which is $2.00 higher than the previous week's weighted average. Southern live cattle were marked anywhere from $230 to $234.And just like the live cattle complex, the feeder cattle contracts were also rallying into Monday's closing bell. But the one significant difference about the two markets this morning is that the feeder cattle complex is currently seeing the biggest day-over-day gains in its deferred contracts, which are traded mostly over $2.00 higher. Again today, the uptick in the contracts' prices reaches new contract highs in most of the nearby contracts. It's likely that the uptick in the cattle contracts along with the stabilization in the equity markets is helped the lean hog contracts find support early this week. It's also helping matters that pork cutout values were higher, which is mainly being pushed by the picnic's $5.95 gain and the rib's $4.62 jump.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/13143640/web-closing-markets.mp3">Click HERE for audio</a>

According to Research Intelo, the global agricultural drones market size reached $4.7 billion in 2024. That demonstrated robust momentum, which is expected to continue. The market is projected to reach a value of $29.1 billion by 2033, driven by the escalating adoption of precision farming and the growing demand for advanced agricultural solutions. This growth trajectory is driven by the increasing integration of cutting-edge drone technologies intended for crop monitoring, field mapping, and yield optimization across diverse geographies. 

The global agricultural drones market is witnessing exponential growth as farmers increasingly adopt advanced technologies to enhance crop productivity and reduce operational costs. Manufacturers are also developing hybrid drones that combine the endurance of fixed-wing models with the agility of multi-rotor drones, making them ideal for large-scale agricultural operations. Unprecedented innovations in battery life and payload capacity have extended drone flight times, allowing them to cover much larger areas of land. 

According to Research Intelo, the global agricultural drones market size reached $4.7 billion in 2024. That demonstrated robust momentum, which is expected to continue. The market is projected to reach a value of $29.1 billion by 2033, driven by the escalating adoption of precision farming and the growing demand for advanced agricultural solutions. This growth trajectory is driven by the increasing integration of cutting-edge drone technologies intended for crop monitoring, field mapping, and yield optimization across diverse geographies. The global agricultural drones market is witnessing exponential growth as farmers increasingly adopt advanced technologies to enhance crop productivity and reduce operational costs. Manufacturers are also developing hybrid drones that combine the endurance of fixed-wing models with the agility of multi-rotor drones, making them ideal for large-scale agricultural operations. Unprecedented innovations in battery life and payload capacity have extended drone flight times, allowing them to cover much larger areas of land. -NAFB

Agricultural drone market to surpass $29 billion

The American Farm Bureau Federation sent letters to President Donald Trump and Congressional leaders to emphasize the severe economic pressures facing America’s farmers and ranchers. Falling crop prices, skyrocketing expenses, and trade disputes are creating conditions that are too much for farm families to bear. “Across the country, farms are disappearing as families close the gates on the farms tended by their parents, grandparents, and generations before them,” wrote Farm Bureau President Zippy Duvall. “In the short term, we urge leaders to authorize bridge payments for farmers before the end of 2025.” 

While emergency aid will help, Farm Bureau asks for long-term solutions to help improve economic conditions in rural America, including fair and enforceable trade agreements. The organization also wants year-round sales of E15, restoration of whole milk in schools, and protection of interstate commerce. “Federal leadership can now prevent a deepening crisis in the agricultural economy,” Duvall added.

The American Farm Bureau Federation sent letters to President Donald Trump and Congressional leaders to emphasize the severe economic pressures facing America’s farmers and ranchers. Falling crop prices, skyrocketing expenses, and trade disputes are creating conditions that are too much for farm families to bear. “Across the country, farms are disappearing as families close the gates on the farms tended by their parents, grandparents, and generations before them,” wrote Farm Bureau President Zippy Duvall. “In the short term, we urge leaders to authorize bridge payments for farmers before the end of 2025.” While emergency aid will help, Farm Bureau asks for long-term solutions to help improve economic conditions in rural America, including fair and enforceable trade agreements. The organization also wants year-round sales of E15, restoration of whole milk in schools, and protection of interstate commerce. “Federal leadership can now prevent a deepening crisis in the agricultural economy,” Duvall added.-NAFB

AFBF: Farmers are at a breaking point

December corn closed down 5 1/4 cents and March corn was down 5 cents. November soybeans closed down 15 1/2 cents and January soybeans were down 15 1/4 cents. December KC wheat closed down 6 3/4 cents, December Chicago wheat was down 8 cents, December Minneapolis wheat was down 5 1/4 cents.

December corn closed down 6 cents and March corn was down 6 3/4 cents. November soybeans closed down 11 1/4 cents and January soybeans were down 13 3/4 cents. December KC wheat closed down 14 cents, December Chicago wheat was down 16 3/4 cents and December Minneapolis wheat was down 8 cents.

Row-crop markets fell sharply Friday, led by accelerated selling in the soybean complex after a series of escalations regarding trade between the U.S. and China. It began on Thursday with reports that China was planning further export restrictions on rare-earth minerals which have been a primary point of contention between the two nations through negotiations this year. It was then reported early Friday that China would respond to planned U.S. port fees with fees of their own on U.S. ships beginning Oct. 14. The final straw that broke the proverbial camel's back on Friday was a social media post from President Trump expressing frustration with China, but perhaps most concerning to the market was the comment that the highly anticipated summit between he and President Xi of China may no longer take place. The development was a bearish aspect across almost all markets for Friday, with energy and equity markets falling drastically as well as commodities.

The live cattle complex traded slightly lower as traders took note of the equity market's decline amid ongoing turmoil with China. But even so, the market was able to maintain a relatively low decline, and fundamental support was fruitful today as some early sales in the cash cattle market were marked higher and as boxed beef prices were higher again today too. The complex managed to get enough support to finish fully higher by the closing bell. The cash cattle market has still been mostly quiet, but some light trade has recently been reported in Nebraska at $362, which is $2.00 higher than last week's weighted average. I anticipate that the Southern plains will be able to trade cattle higher, too, as their showlists are slimmer than those in the North.

The feeder cattle complex is also trading lower as traders are skeptical of pushing the feeder cattle contracts any higher, given the fact that they're already trading at record high prices and that outside pressure has grown more troublesome. The market did not keep this lower tone through the day's close, fundamentally, there was more than enough support in the marketplace to finish higher across the board.

The lean hog complex is continuing to scale lower as there's not enough fundamental support in the market to comfort traders, and as the external pressures of the equity markets are affecting the hog complex too. Yes, pork cutout values were a tick higher this morning, but the market's support is a little too late to give much stability to traders.

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By: NATHAN STUEDLEGRAINS:December corn closed down 5 1/4 cents and March corn was down 5 cents. November soybeans closed down 15 1/2 cents and January soybeans were down 15 1/4 cents. December KC wheat closed down 6 3/4 cents, December Chicago wheat was down 8 cents, December Minneapolis wheat was down 5 1/4 cents.For the Week:December corn closed down 6 cents and March corn was down 6 3/4 cents. November soybeans closed down 11 1/4 cents and January soybeans were down 13 3/4 cents. December KC wheat closed down 14 cents, December Chicago wheat was down 16 3/4 cents and December Minneapolis wheat was down 8 cents.Row-crop markets fell sharply Friday, led by accelerated selling in the soybean complex after a series of escalations regarding trade between the U.S. and China. It began on Thursday with reports that China was planning further export restrictions on rare-earth minerals which have been a primary point of contention between the two nations through negotiations this year. It was then reported early Friday that China would respond to planned U.S. port fees with fees of their own on U.S. ships beginning Oct. 14. The final straw that broke the proverbial camel's back on Friday was a social media post from President Trump expressing frustration with China, but perhaps most concerning to the market was the comment that the highly anticipated summit between he and President Xi of China may no longer take place. The development was a bearish aspect across almost all markets for Friday, with energy and equity markets falling drastically as well as commodities.LIVESTOCK:The live cattle complex traded slightly lower as traders took note of the equity market's decline amid ongoing turmoil with China. But even so, the market was able to maintain a relatively low decline, and fundamental support was fruitful today as some early sales in the cash cattle market were marked higher and as boxed beef prices were higher again today too. The complex managed to get enough support to finish fully higher by the closing bell. The cash cattle market has still been mostly quiet, but some light trade has recently been reported in Nebraska at $362, which is $2.00 higher than last week's weighted average. I anticipate that the Southern plains will be able to trade cattle higher, too, as their showlists are slimmer than those in the North. The feeder cattle complex is also trading lower as traders are skeptical of pushing the feeder cattle contracts any higher, given the fact that they're already trading at record high prices and that outside pressure has grown more troublesome. The market did not keep this lower tone through the day's close, fundamentally, there was more than enough support in the marketplace to finish higher across the board.The lean hog complex is continuing to scale lower as there's not enough fundamental support in the market to comfort traders, and as the external pressures of the equity markets are affecting the hog complex too. Yes, pork cutout values were a tick higher this morning, but the market's support is a little too late to give much stability to traders.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/10142031/web-closing-markets.mp3">Click HERE for audio</a>