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Closing Report · Mon Nov 2

Here's what pushed the markets today.

What matters today

  • USDA export shipments, week ending Oct 29: Corn 34.8M bu, yr to date -13% vs last yr; Beans 89.8M bu, yr to date +56% vs last yr; Wheat 2.8M bu...
  • Beans news: Soybean Market Brief: Sideways Futures, Softer FOBs, Brazil Weather Risk
  • Coming today: USDA Crop Progress, 3:00pm CT

Futures prices are off while we set up a licensed price feed. CME Group shows free delayed quotes on its own site. CME Group quotes. Futures settlements are the official closing prices as printed by USDA (Market News reports for grains and cattle; the Risk Management Agency for dairy).

These are Friday's official closes (Oct 30), the latest USDA has printed. USDA prints today's closes about 5 PM CT, and we'll send them to you this evening. Energy, metals and cash prices show their own dates.
Grains
Corn
4.47¾ /bu  Fri close: ▼ 3½¢ (-0.78%)
Dec Corn · official close Fri Oct 30
 
Soybeans
12.22¼ /bu  Fri close: ▲ 2½¢ (+0.20%)
Nov Beans · official close Fri Oct 30
In the news today: Soybean Market Brief: Sideways Futures, Softer FOBs, Brazil Weather Risk.
 
Wheat
6.03½ /bu  Fri close: ▼ ¼¢ (-0.04%)
Dec Wheat · official close Fri Oct 30
 
KC Wheat
6.44¼ /bu  Fri close: ▼ 1¢ (-0.15%)
Dec KC Wheat · official close Fri Oct 30
 
Livestock
Live Cattle
220.95 /cwt  Fri close: ▼ $5.35 (-2.36%)
Dec Cattle · official close Fri Oct 30
Cash: fed steers (live): $223.73/cwt (Nov 2), down $3.35 from last week, $7.13 below a year ago, $46.37 above the 5-year average.
Futures-based (USDA LRP, Oct 30): Feb $224.23 (-$9.25 wk), Apr $232.66 (-$8.42 wk), Jun $229.78 (-$7.66 wk), Aug $224.49 (-$7.30 wk).
In the news today: There’s a Trainwreck in Cattle Prices, But Help Could Finally Be on the Way.
 
Feeder Cattle
337.775 /cwt  Fri close: ▼ $8.70 (-2.51%)
Nov Feeders · official close Fri Oct 30
Cash: Feeder steers, 700-800 lb (Oklahoma City): $335.32/cwt (Nov 2), down $27.32 from last week, $13.87 below a year ago.
Futures-based (USDA LRP, Oct 30): Jan $331.62 (-$12.41 wk), Mar $327.18 (-$13.38 wk), Apr $325.36 (-$14.13 wk), May $323.22 (-$14.28 wk).
 
Lean Hogs
$63.83 /cwt carcass  Mon cash ▼ $1.05
USDA cash hogs · Nov 2
Futures-based (USDA LRP, Oct 30): Feb $65.07 (-$3.13 wk), Apr $73.04 (-$1.40 wk), May $80.27 (-$0.36 wk).
 
Dairy
Class III Milk
16.70 /cwt  Fri close: ▼ $0.03 (-0.18%)
Jan Class III · official close Fri Oct 30
USDA: Class III milk price (announced): $16.04/cwt (September 2026), down $0.60 from the month before, $1.55 below a year ago, $3.09 below the 5-year average.
 
Class IV Milk
19.67 /cwt  Fri close: ▲ $0.17 (+0.87%)
Jan Class IV · official close Fri Oct 30
USDA: Class IV milk price (announced): $18.94/cwt (September 2026), up $1.58 from the month before, $2.77 above a year ago, $0.77 below the 5-year average.
 
Cheese
1.560 /lb  Fri close: ▼ $0.004 (-0.26%)
Jan Cheese · official close Fri Oct 30
Cash: Cheese, 40-lb blocks (CME spot): $1.6000/lb (Nov 2), up 0.25¢ from Friday.
 
Butter
144.00¢ /lb  Fri close: ▲ 1.12¢ (+0.79%)
Jan Butter · official close Fri Oct 30
Cash: Butter, Grade AA (CME spot): $1.3325/lb (Nov 2), down 2.5¢ from Friday.
 
Energy
Crude Oil
$103.37 /bbl  Tue spot ▼ $1.88
EIA spot · Oct 27
In the news today: Oil Prices Fall as Market Awaits Possible US-Iran Ceasefire Deal.
 
Heating Oil
$4.687 /gal  Tue spot ▼ $0.146
EIA spot · Oct 27
 
Natural Gas
$2.76 /MMBtu  Tue spot ▲ $0.24
EIA spot · Oct 27
In the news today: US Natural Gas Prices Fall 4% to 11-Week Low on Record Output.
 
Metals
Gold
$4,319.00 /troy oz  vs month before ▼ $92.00
World Bank monthly avg · September 2026
 
Silver
$64.60 /troy oz  vs month before ▼ $0.80
World Bank monthly avg · September 2026
In the news today: Gold and Silver Prices Today: Rates Rebound Ahead of Dhanteras and Diwali.
 
Copper
$14,474 /metric ton  vs month before ▲ $148
World Bank monthly avg · September 2026
 

This week's export shipments

  • Corn: Shipped 34.8 million bushels (0.88 million metric tons) in the week ending Oct 29, up 39% from the week before. Marketing year to date: 420 million bushels, 13% behind last year's pace.
  • Soybeans: Shipped 89.8 million bushels (2.44 million metric tons) in the week ending Oct 29, down 2% from the week before. Marketing year to date: 448 million bushels, 56% ahead of last year's pace.
  • Wheat: Shipped 2.8 million bushels (0.08 million metric tons) in the week ending Oct 29, down 61% from the week before. Marketing year to date: 277 million bushels, 36% behind last year's pace.

Top buyers and pace vs. USDA

CME spot dairy today

  • Cheese, 40-lb blocks (CME spot): $1.6000/lb (Nov 2), up 0.25¢ from Friday.
  • Cheese, 500-lb barrels (CME spot): $1.7250/lb (Nov 2), unchanged from Friday.
  • Butter, Grade AA (CME spot): $1.3325/lb (Nov 2), down 2.5¢ from Friday.
  • Nonfat dry milk, Grade A (CME spot): $2.1250/lb (Nov 2), up 1.25¢ from Friday.
  • Dry whey, extra grade (CME spot): $0.8400/lb (Nov 2), unchanged from Friday.

CME Group spot trading, as published by USDA Dairy Market News. Dairy futures by month and cash prices

USDA: prices farmers received, September 2026

  • Corn: U.S. average 4.81/bu, +0.36 from the month before, +0.81 from a year ago (4.00)
  • Soybeans: U.S. average 12.20/bu, +0.10 from the month before, +2.27 from a year ago (9.93)
  • All wheat: U.S. average 6.30/bu, +0.07 from the month before, +1.54 from a year ago (4.76)

Every state · Source: USDA NASS Agricultural Prices

On deck

  • Today: USDA Crop Progress, 3:00pm CT
  • Today: Oklahoma City feeder cattle auction (USDA), 4:00pm CT
  • Tue: World Bank monthly metals prices (gold, silver, copper), 10:00am CT

Informational only — not investment, trading or financial advice.

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