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SPYS&P 500S&P 500AgXAGSilverSilverAuXAUGoldGoldPtXPTPlatinumPlatinum GRAINS AND LIVESTOCK MARKET DAILY CLOSE
Tuesday, November 10, 2026
TODAY'S SESSION Wall Street edged lower on Tuesday as hotter-than-expected October inflation metrics offset early-week momentum, while benchmark futures finished in green territory across key equity indices.
Micro S&P 500 futures settled at 7555.00, Micro Nasdaq-100 futures closed at 27902.25, Micro Dow futures finished at 52373, and Micro Russell 2000 futures held at 2832.30. In ag pits, row crop derivatives stabilized following the release of the USDA November WASDE report, which delivered a bullish surprise cut to national corn yield down to 179.6 bu/acre while trimming domestic corn ending stocks.
Livestock futures showed modest short covering, with feeder cattle adding gains to $330.475 and live cattle edging up to $219.150 per hundredweight. Energy derivatives rebounded, with WTI crude settling at $86.44 per barrel.
TOP STORY OF THE DAY USDA Delivers Bullish Yield Cut to Corn as Energy & Metals Futures Rebound Agricultural markets reacted to the USDA’s November WASDE report on Tuesday.
The agency surprised trading desks by cutting national corn yield by 1.6 bushels per acre down to 179.6 bu/acre, lowering domestic corn production by 141 million bushels and trimming ending stocks to 1.758 billion bushels.
While soybean yield was raised fractionally to 53.3 bu/acre, expanding export demand projections kept soybean carryout tightly capped. Outside ags, prompt WTI crude oil derivatives mounted a rebound to clear $86.44 per barrel, while gold and silver futures stabilized following recent selling.
TODAY'S TOP MARKET SURPRISES Top Macro Surprise: Hot CPI Data Triggers Late Session Index Volatility A hotter than expected October headline CPI increase of 0.4% month over month sparked inflation debate, dampening broader stock market momentum heading into the midweek session.
Top Futures Surprise: Rare November Corn Yield Cut Shocks Trading Desks USDA lowered national corn yield projections unexpectedly from 181.2 to 179.6 bpa, sparking immediate short covering across prompt and new-crop corn derivatives.
COMMODITIES Top Commodity Gainer: Gold Futures Rebound Above $4,040/oz December gold derivatives led metals higher, bouncing $39.50 to settle at $4040.50 per ounce as safe haven positioning returned following the inflation readout.
Top Commodity Loser: Lean Hog Futures Surrender $1.275 December lean hog futures posted the softest tone in livestock, dropping to $55.875 per hundredweight under seasonal packer margin pressure.
GRAINS & SOFTS Row crop derivatives closed flat to higher on Tuesday following the WASDE report.
December corn settled unchanged at $4.48 0/0 per bushel, holding post-report gains. January soybeans pushed up to $12.26 3/4 per bushel on expanded crush and export forecasts. Soybean meal closed higher at $326.50 per ton, while soybean oil settled at 62.71 cents. Wheat contracts traded mixed, with Chicago December settling at $5.91 1/2.
Corn (December 26): Close $4.48 0/0, Trend: Neutral/Bullish Rebound
Soybeans (January 27): Close $12.26 3/4, Trend: Bullish Extension
Soybean Meal (December 26): Close $326.50, Trend: Bullish Extension
Soybean Oil (December 26): Close 62.71¢, Trend: Neutral/Bullish
Wheat (Chicago December 26): Close $5.91 1/2, Trend: Bearish Consolidation
Wheat (KC December 26): Close $6.33 1/2, Trend: Bearish Pullback
Wheat (MIA December 26): Close $6.27 3/4, Trend: Bearish Consolidation
Market Note: Combined WASDE yield cuts in Illinois offset regional gains in Iowa and Minnesota, providing fundamental baseline support to interior cash grain basis as harvest activity winds down across the Midwest.
LIVESTOCK The livestock complex traded mixed on Tuesday. Live cattle futures bounced to $219.150 per hundredweight, while feeder cattle expanded recent gains to close at $330.475. December lean hogs drifted back to $55.875 per hundredweight.
Live Cattle (December 26): Close $219.150, Trend: Bullish Rebound
Feeder Cattle (November 26): Close $330.475, Trend: Bullish Rebound
Lean Hogs (December 26): Close $55.875, Trend: Bearish Pullback
Feedyard Note: Country fed cattle trade remained unestablished through Tuesday afternoon, with feedyards holding asking prices firm against tight physical show lists despite WASDE's higher total beef production estimates.
ENERGIES & BIOFUELS WTI crude oil derivatives bounced back into positive territory, settling at $86.44 per barrel. Natural gas futures traded softer at $3.294 per MMBtu.
Crude Oil (WTI December 26): Close $86.44, Trend: Bullish Rebound
Natural Gas (December 26): Close $3.294, Trend: Bearish Consolidation
METALS & MACROS Precious metals advanced across the board on Tuesday. Gold futures settled at $4040.50 per ounce, silver bounced to $51.520, and platinum closed at $1541.20. Stock index futures maintained positive positioning across broad contracts.
Equity Benchmarks Steady: S&P 500 futures settled at 7555.00, while Nasdaq 100 futures closed at 27902.25.
Gold (December 26): Close $4040.50, Trend: Bullish Extension
Silver (December 26): Close $51.520, Trend: Bullish Rebound
Platinum (January 27): Close $1541.20, Trend: Bullish Extension
Nasdaq 100 Futures (/MNQ): Close 27902.25, Trend: Bullish Consolidation
S&P 500 Futures (/MES): Close 7555.00, Trend: Neutral/Bullish
Dow Futures (/MYM): Close 52373.00, Trend: Bullish Rebound
Russell 2000 Futures (/M2K): Close 2832.30, Trend: Bullish Extension
MIDWEEK WATCH (NOVEMBER 11) Traders enter Wednesday focused on post-WASDE grain market digestion, weekly EIA petroleum inventory reports, and midweek country cash cattle negotiations.
EIA Petroleum Status Report: Track crude oil inventory shifts and domestic refinery throughput following WTI's bounce back to $86.44 per barrel.
Post WASDE Grain Basis: Monitor interior country elevators for basis adjustments following USDA's lower corn production figures.
Cash Cattle Bids: Watch for initial packer bids as physical feedyards resist lower offers following firm paper livestock trade.
Futures trading involves significant risk. Information provided is for educational purposes only.
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ZMZoom Communications, Inc.Zoom Communications, Inc. Soybean - Regional Processor Bids & Crush Report
Regional Processor Bids & Current Market Data
The grain complex is navigating a dynamic session as commercial desks react directly to the 11:00 AM CST release of the USDA’s November WASDE report alongside yesterday's Crop Progress update. CBOT January soybean futures (/ZS[F27]) are trading at $12.26 ¾ per bushel, rallying back after initial post-report adjustments. Physical interior demand across Western Corn Belt processors remains well supported; while active harvest deliveries reaching 92% completion nationwide have replenished nearterm pipelines, processors are maintaining firm cash basis levels to incentivize direct plant deliveries through late autumn.
AGP David City NE Oct/Nov $11.88 -38 cents
AGP Eagle Grove IA Oct/Nov $11.83 -43 cents
Shell Rock Soy IA Oct/Nov $11.96 -30 cents
AGP Manning IA Oct/Nov $11.78 -48 cents
AGP St. Joseph MO Oct/Nov $12.18 -8 cents
AGP Dawson MN Oct/Nov $11.58 -68 cents
AGP Aberdeen SD Oct/Nov $11.83 -43 cents
CBOT Soybean Futures (January /ZS[F27]): $12.26 ¾ /bu (Trading up near $12.27/bu following the 11:00 AM WASDE release)
Soybean Oil (December /ZL[Z26]): 62.82 ¢/lb (Consolidating near 62.8 cents amid broader bio-feedstock updates)
Soybean Meal (December /ZM[Z26]): $327.60 /ton (Holding steady to firm, backed by consistent domestic feed intake)
National Cash Index: ~$11.66 /bu (Reflecting solid interior plant spot baseline bids)
SPECIAL ADD-ON: 11:00 AM CST November WASDE Update
The USDA released its November World Agricultural Supply and Demand Estimates (WASDE) and Crop Production reports today at 11:00 AM CST, introducing fresh baseline fundamentals to the market:
Yield & Production Adjustments: The USDA updated U.S. soybean production expectations as late harvest yield reports were finalized, adjusting key yield parameters relative to October trade expectations.
Balance Sheet Impact: Domestic ending stock projections were refined to reflect the combination of updated final production figures, ongoing domestic crush processing pace, and international export commitments.
Market Reaction: Futures digested the numbers with immediate two way volatility at the 11:00 AM CST release window, with January futures finding firm technical support near $12.26/bu as commercial buyers absorbed the new supply-demand baseline.
Macro Market Analysis
The macroeconomic landscape is balancing the new USDA balance sheet numbers against broader commodity moves, with WTI crude futures (/CL[Z26]) holding near $86.69/bbl and gold (/GC[Z26]) trading around $4,029.90/oz. Commercial desks are evaluating post-WASDE trade signals alongside final North American crop movement and ongoing fieldwork across South America.
The South American & Export Channel: Export channels remain active, with international buyers monitoring post WASDE price levels to cover spot U.S. Gulf and Pacific Northwest positions. In South America, Brazilian soybean planting is advancing smoothly under favorable early soil moisture, maintaining long-term global supply expectations.
NOPA Processing & Volume Check
Domestic soybean processors continue to provide a structural anchor for the soy complex, with processing margins supported by steady oil-share and meal contributions:
Crush Operations: Member processing facilities continue to run active daily schedules as late autumn crop receipts keep plant pipelines full heading into winter operational periods.
Soybean Oil Stocks: Interior soybean oil inventories remain well managed, supported by ongoing feedstock utilization across the domestic renewable diesel and bio-energy sectors.
Logistics & Biofuels
Processing & Feedstock Flow: Biofuel processors and domestic crushers keep spot bids competitive to protect operational inventories. Freight movement across regional rail networks, trucking lines, and Mississippi River barge channels is clearing the final phase of harvest grain logistics smoothly.
Weekly Crop Progress & Livestock Status
Yesterday afternoon's USDA Crop Progress report (released Monday, November 9) confirmed that the 2026 U.S. soybean harvest has reached its final home stretch:
Soybean Harvest Reaches 92% Complete: USDA reported national soybean harvest advanced to 92% complete running 1 percentage point ahead of the 91% five-year average pace. Iowa reached 93% complete, while Nebraska reached 90%.
Corn Harvest Reaches 81%: The national corn harvest advanced to 81% complete (vs 86% five-year average), maintaining steady elevator space turnover across the Corn Belt.
Screwworm Vigilance: Strict biosecurity protocols remain active along Southern transport routes, while domestic livestock feedlot consumption of soybean meal holds steady.
Looking Ahead & Action Plan
Producer Action Plan: Use post-WASDE market action around January futures near $12.26/bu to evaluate remaining unpriced bushels. With national soybean harvest now 92% complete, focus shifts toward post-harvest basis improvement and storage strategy as combine pressure subsides.
Speculator Focus: Monitor how the market settles following today's 11:00 AM WASDE release. Watch the January $12.15 support and $12.35 resistance windows alongside product share adjustments inside crush margins.
Harvest Wrap Up Watch: As harvest completion approaches 95% nationwide, market focus transitions entirely from crop progress to final WASDE balance sheet absorption, commercial storage flows, and South American weather developments.
#Soybeans #SoyCrush #AgMarketing
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SPYS&P 500S&P 500AgXAGSilverSilver Ag Headlines & News Today: Tuesday, November 10, 2026
Harvest 2026 is moving into its final stretch across the country. Following late autumn field updates showing national corn harvest reaching 81% and soybean harvest surging past 92%, producers and commodity traders are managing a sharp red morning across the CME futures board, regional cash basis adjustments, ongoing feedlot placement tightness, and persistent macro pressure.
CME Futures Watch: Red Across the Board in Early Morning Action
Early market activity on the CME shows broad selling pressure across agricultural, energy, and financial futures:
Grain & Oilseed Complex: December Corn (/ZC) is down at $4.40 3/4 per bushel ($440.75). January Soybeans (/ZS) are trading lower at $11.89 per bushel ($1189.00), pressured by December Soybean Meal (/ZM) at $322.00/ton and December Soybean Oil (/ZL) down to 61.59 cents/lb. December Chicago Wheat (/ZW) sits lower at $5.88 per bushel ($588.00), Kansas City Hard Red Winter Wheat (/KE) trades down to $6.35 1/4 per bushel ($635.25), and Minneapolis Spring Wheat (/MWE) holds at $6.19 1/4 per bushel ($619.25).
Livestock Futures: December Live Cattle (/LE) is quoted softer at $2.16325/lb ($216.325/cwt), while November Feeder Cattle (/GF) holds at $3.28825/lb ($328.825/cwt). December Lean Hogs (/HE) pulled back to 55.975 cents/lb.
Outside Macro & Energy Markets: Crude Oil (/CL) has declined further to $84.75/bbl. December Gold (/GC) is quoted at $4,084.10/oz, Silver (/SIL) sits at $52.325/oz, and Natural Gas (/NG) trades at $3.247/MMBtu. Equity index futures show red, with E-mini S&P 500 (/MES) at 7,573.25 and Micro Nasdaq 100 (/MNQ) at 27,888.00.
Field Progress & Agronomy: Corn Harvest Hits 81% as Soybeans Reach 92%
The latest USDA crop progress metrics confirm that producers are wrapping up row-crop harvest across major corridors:
Corn Harvest Surges to 81%: U.S. corn harvest has advanced past 81% complete nationwide, closing in on historical completion benchmarks. Major production states in the Western Corn Belt are nearing final field sweeps despite scattered late autumn rain interruptions.
Soybean Harvest Tops 92%: Nationwide soybean harvest has cleared 92% complete, running ahead of the 5 year average pace. Elevator delivery lines have narrowed significantly as growers shift remaining field capacity toward late harvest corn.
Winter Wheat Establishment: Winter wheat seeding is nearing 90% complete nationwide, with early emerged fields across the Central and Southern Plains benefiting from recent topsoil moisture gains.
Cash Markets & Basis: This Week's Grain Bids Across the Corn Belt
With harvest volume filling commercial storage and river barge transit continuing to navigate low water draft restrictions, local cash bids and basis levels reflect wide regional variation:
Central & Western Corn Belt (NE & IA): Country elevator bids for #2 Yellow Corn across Nebraska and Iowa are averaging between $3.84 and $4.14/bu for November delivery, reflecting a local basis of -30¢ to -60¢ under December futures.
Direct processors and ethanol facilities are showing stronger spot bids ranging from $4.26 to $4.39/bu. Spot soybean bids across the western Belt are posting near $11.16 to $11.85/bu.
Eastern Corn Belt & River Terminals (IL & IN): River processors and interior terminals along the Illinois and Mississippi rivers show yellow corn cash bids ranging from $4.10 to $4.48/bu. Cash soybean bids at interior crushing plants and major processors are holding around $11.50 to $12.10/bu.
Basis Dynamics: Commercial elevators are maintaining wide harvest discounts as heavy commercial corn deliveries test local storage capacity, prompting ag economists to advise producers to utilize on farm storage and defer cash sales into late winter.
Livestock & Markets: Bullish "Cattle on Feed" Fundamentals vs. Futures Pullback
Despite morning board pressure, the livestock complex continues to navigate a structurally tight fundamental landscape:
September Placements Hit Record Low: The USDA’s Cattle on Feed data showed September feedlot placements dropping 12.1% year over year to 1.78 million head setting a new historic low for September placements since the data series began in 1996.
Total Feedlot Inventory: Total cattle on feed came in at 11.37 million head (slightly below year ago levels). Steers on feed rose slightly to 7.07 million head (62% of inventory), while heifers dropped 1% to 4.30 million head.
September Marketings: Fed cattle marketings during September fell 6.6% year over year to 1.52 million head, likewise setting a 30 year record low for the month and confirming persistent tightness in finished cattle supplies.
Policy & Regulatory Frameworks: Land Ownership, Labor, and Wildlife Rules
Legislative Push on Capitol Hill
Agricultural Worker Justice Act: Establishes workforce safety standards and wage baselines for food processors competing for federal procurement contracts.
Executive & USDA Directives
State Wolf Management Guidance: U.S. Secretary of Agriculture Brooke Rollins formally urged state partners to review local wolf management policies and strengthen engagement with livestock producers regarding predator loss mitigations.
Foreign Land Disclosure Overhaul: USDA continues enforcement of expanded foreign agricultural land holding reporting requirements under updated federal reporting guidelines.
FIELDS Fertilizer Program: Application and funding frameworks continue advancing under the $500 million FIELDS program to expand domestic fertilizer manufacturing capacity.
Macro & Trade Logistics: Energy Pricing and River Transportation Surges
Energy Fuel Costs: Crude oil futures have eased back to $84.75/bbl (/CL), offering mild relief to retail diesel prices while maintaining baseline fuel surcharges for late fall tillage, grain hauling, and livestock transport.
Low River Draft Restrictions: Heavy harvest throughput combined with low water levels along the Mississippi and Illinois river corridors continues to enforce barge draft restrictions and maintain high river freight surcharges.
On-Farm Storage Utilization: With rapid soybean completion putting heavy commercial grain into elevators, ag economists strongly urge producers to maximize on-farm storage capabilities to hold grain off the market during peak local delivery pressure.
#AgNews #CropProgress #CattleOnFeed #SoilHealth #AgMarkets
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Tuesday Day Break Markets
Tuesday, November 10, 2026
Commodity and financial screens are opening Tuesday under noticeable caution as market participants position portfolios ahead of this morning's pivotal USDA November WASDE and Crop Production report update.
Monday afternoon's USDA Crop Progress report showed national harvest reaching its final stages, with U.S. corn harvest reaching 81% and soybeans hitting 92% complete.
Meanwhile, paper screens across the grain and livestock complexes are digesting lower overnight price adjustments, with live cattle trading near $216.32/cwt and feeder cattle holding near $328.82/cwt as northern feedyards continue to hold out for firm country cash bids.
Early Morning Top News
All Eyes on Morning WASDE Report as Harvest Nears Finish: Market participants are bracing for the USDA's 11 A.M. EST WASDE update, which will provide fresh yield and ending stock estimates for row crops. Monday's Crop Progress confirmed national corn harvest reached 81% complete while soybeans reached 92%.
Northern Feedyards Resist Lower Futures Resets: Direct country cash livestock trade opens the week under quiet, early-week standoff conditions. Feedyards across Nebraska and Iowa continue to demand $342–$348 dressed and $218–$222 live, resisting lower paper screen adjustments backed by tight overall feedlot numbers.
Crude Oil Pulls Back to $84.75/Bbl: Benchmark WTI crude oil futures adjusted lower to $84.75/Bbl to open the session, easing transport cost premiums while maintaining a steady macro energy baseline across biofuel networks.
Early Morning Monitor
Corn
CZ26 (Dec): $4.40 3/4 | -1.50c
Commentary: Active December corn futures trade down to $4.40 3/4/bu into early morning trading. Solid domestic ethanol plant grind and resilient processor basis continue to absorb remaining harvest deliveries as national corn harvest crosses 81% completion.
Soybeans
ZSF27 (Jan): $11.89 0/0 | -13.00c
Commentary: Active January soybeans trade down near $11.89/bu. Softening export positioning and expanding harvest supply (92% complete nationally) keep near-term chart pressure active ahead of today's WASDE production revisions.
Wheat (CBOT / KC / MGEX)
SRW (Dec): $5.88 0/0 | -4.75c
Commentary: Chicago December SRW wheat trades down to $5.88 per bushel. KC HRW wheat trades at $6.35 1/4, while Minneapolis Spring Wheat holds near $6.19 1/4. Overseas export competition and 89% winter wheat planting progress maintain overhead chart resistance.
Live Cattle
LEV26 (Oct): $216.32 1/2 | -1.50c
Feeder Cattle
GFX26 (Nov): $328.82 1/2 | -4.80c
Live cattle and feeder cattle futures adjusted lower to open the session. October live cattle trade near $216.32 1/2/cwt while November feeders trade near $328.82 1/2/cwt. Northern feedyards are maintaining firm asking prices ($342.00–$348.00 dressed), using tight country show lists to defend cash leverage against packer attempts to lower bids.
Lean Hogs
December 2026: $55.97 1/2 (-6.225c)
CME Lean Hog Index: $78.40 (-0.35c)
Lean hog futures adjusted lower to $55.97 1/2. Softening cash index trends continue to anchor nearby upside, though steady wholesale cutout values provide defense against deeper technical sell offs.
Today's Outlook
Traders enter Tuesday's session focused on "WASDE Production Revisions vs. Cash Cattle Standoff." With December corn testing $4.40 3/4/bu, soybeans trading near $11.89/bu, and feedyards defending country asking prices against packer bids, market participants are bracing for post-report volatility. Expect active spread trading through the morning as market participants align portfolios ahead of the USDA report release and direct feedlot negotiations.
The Rest Of The Week
Weekly Insight: "Pre WASDE Position Squaring Meets Tail End Harvest"
With the 2026 row crop harvest entering its final stretch (92% soybeans, 81% corn complete), paper screens across the ag complex are focused squarely on the USDA's morning WASDE adjustments.
Meanwhile, country feedyards holding firm against lower futures resets demonstrate how underlying physical supply tightness continues to defend valuation floors despite paper market pullbacks.
#AgTrading #MarketAnalysis #GrainMarkets
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SPYS&P 500S&P 500AgXAGSilverSilver Closing Markets & Commodities, November 9, 2026
U.S. stock indices ended mixed on Monday to start the week as market participants digested a tech-led recovery against persistent energy price pullbacks and broad pre-WASDE caution.
Micro E-mini Nasdaq-100 futures rebounded sharply, gaining over 150 points, while Dow and S&P 500 futures experienced minor consolidation.
In agricultural derivatives, row crops traded under downside pressure as trading desks adjusted positions ahead of Tuesday’s pivotal USDA World Agricultural Supply and Demand Estimates (WASDE) report.
Meanwhile, energy futures dropped to multi-month lows with WTI crude sliding under $86.50/bbl, while precious metals staged a robust relief bounce led by gold jumping back above $4,140/oz.
Top Story of the Day
Markets Position Ahead of Crucial November WASDE Report; Tech Lifts Equity Benchmarks Agricultural derivatives faced position squelching across the board as market participants braced for Tuesday's USDA WASDE release, with traders evaluating whether official yield projections for corn and soybeans will adjust after autumn harvest acceleration.
On Wall Street, equities delivered a divided session as strong dip buying across technology and semiconductor names lifted Nasdaq 100 and micro cap futures, offsetting weakness in energy shares following crude oil's decline to $86.38/bbl.
Today's Top Market Surprises
Top Macro Surprise: Gold Derivatives Surge $45+ to Reclaim $4,140 Level December Gold (/GC) futures staged an aggressive technical breakout, surging $45.80/oz to settle at $4,149.50/oz as real yield firming paused and haven demand returned.
Top Futures Surprise: Lean Hogs Breakdown to Contract Lows; Cattle Paper Pulls Back December Lean Hogs (/HE) tumbled over $2.40 to set fresh multi month lows at $55.975/cwt on persistent pork carcass pressure, while live cattle derivatives pulled back toward $216.325/cwt.
Grains & Softs
Agricultural benchmarks traded with heavy cautiousness on Monday ahead of Tuesday's USDA figures. December '26 Corn opened at $4.41 0/0 and closed at $4.38 3/4, down $0.02 1/4 for the day on a bearish trend. January '27 Soybeans opened at $11.93 0/0 and closed at $11.87 0/0, down $0.06 0/0 on a bearish breakdown.
Chicago December '26 Wheat opened at $5.90 2/4 and closed at $5.87 2/4, down $0.03 0/0 on neutral consolidation.
KC HRW December '26 Wheat (/KE): Open: $6.29 0/0, Close: $6.31 3/4, up: $0.02 3/4, Trend: Neutral / Reversal
Market Note: The USDA will publish its monthly WASDE report on Tuesday morning at 11:00 a.m. CST, providing updated national yield and carryout balance sheets.
Livestock
The livestock complex saw technical weakness on Monday. December '26 Live Cattle opened at $217.400 and closed at $216.325, down $1.075 for the day on a bearish pullback. November '26 Feeder Cattle opened at $328.825 and closed at $328.825, down $0.775 on neutral consolidation. December '26 Lean Hogs opened at $58.400 and closed at $55.975, down $2.425 on a sharp bearish breakdown.
Feedyard Note: Cash fed cattle trade was quiet to start the week, with feedyards holding out for negotiations following last week's cash sales at $214–$218/cwt.
Energies & Biofuels
Energy futures saw notable selling pressure on Monday afternoon as crude contracts slid to new multi-week lows.
Crude Oil (WTI December '26): Open: $87.80, Close: $86.38, down: $1.42, Trend: Bearish Breakdown
Natural Gas (December '26): Open: $3.205, Close: $3.205, up: $0.082, Trend: Bullish Extension
Metals
Precious metals traded with strong upward momentum on Monday as buyers stepped in following recent pullbacks. December '26 Gold opened at $4,103.70 and closed at $4,149.50, up $45.80 for the day on a strong bullish reversal. December '26 Silver opened at $52.650 and closed at $53.460, up $0.810 for the day on a bullish extension.
Macros & Equities
Broad equity index futures showed clear divergence, led by technology outperformance.
December '26 Nasdaq 100 Futures (/MNQ) opened at 27,915.00 and closed at 28,073.25, up 158.25 for the day on a bullish breakout. S&P 500 Futures (/MES) opened at 7,585.50 and closed at 7,580.00, down 5.50 for the day on neutral consolidation.
December '26 Dow Futures (/MYM) opened at 52,650 and closed at 52,518, down 132.00 for the day on a bearish pullback. December '26 Russell 2000 Futures (/M2K) opened at 2,835.0 and closed at 2,846.6, up 11.60 for the day on a bullish extension.
Index Leadership: Technology strength anchored risk sentiment as broader macro benchmarks consolidated ahead of key economic data.
Tuesday Watch (November 10)
Trading desks will focus on the official USDA WASDE report release, energy inventory trends, and early-week cash livestock bids.
USDA November WASDE Report: Monitor national yield updates for corn and soybeans at 11:00 a.m. CST.
API Crude Inventory Release: Watch Tuesday evening private inventory data following crude oil's breakdown.
Country Cash Cattle Bids: Track early packer bids and feedyard asking prices following paper pullbacks.
Pre FOMC Guidance: Analyze Fed commentary and Treasury yields for broader equity direction.
#WASDE #GrainMarkets #Commodities #LivestockFutures #MarketUpdate
Futures trading involves significant risk. Information provided is for educational purposes only.
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