NeutralQQQNasdaqNasdaqWTICLWTI Crude OilWTI Crude OilIWMRussell 2000Russell 2000GASNATGASNatural GasNatural GasSPYS&P 500S&P 500AgXAGSilverSilverAuXAUGoldGoldPtXPTPlatinumPlatinum

Today on

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.

NeutralQQQNasdaqNasdaqWTICLWTI Crude OilWTI Crude OilGASNATGASNatural GasNatural GasSPYS&P 500S&P 500AgXAGSilverSilver

Yesterday on

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

NeutralQQQNasdaqNasdaqWTICLWTI Crude OilWTI Crude OilIWMRussell 2000Russell 2000GASNATGASNatural GasNatural GasSPYS&P 500S&P 500AgXAGSilverSilver

Yesterday on

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.

QQQNasdaqNeutralNasdaqAgXAGSilverBullishSilverAuXAUGoldBullishGoldWTICLWTI Crude OilNeutralWTI Crude OilSPYS&P 500NeutralS&P 500

2d ago on

Mid-Day Markets - November 9, 2026 This Morning's Top Story Commodity and livestock desks enter the second week of November managing sharp positioning adjustments as macro energy markets extend their downside correction while agricultural rings brace for tomorrow’s high stakes USDA Crop Production and WASDE reports (Tuesday, Nov. 10 at 11:00 AM CST). WTI Crude futures (/CLZ26) have dropped down to trade near $87.78 per barrel, as easing Middle East supply disruption fears and broader cross asset liquidations unwind previous war premium peaks. In agricultural corridors, row crops are displaying cautious, tight ranged trade ahead of tomorrow’s balance sheet updates. Pre report analyst surveys anticipate the USDA may trim national corn yields slightly from 181.2 to 180.6 bu/acre while marginally raising soybean yield estimates to 53.5 bu/acre. December Corn (/CZ26) is trading near $4.39 1/4/bu, while January Soybeans (/ZSF27) hold near $11.91 1/4/bu. Meanwhile, the livestock complex remains locked in a severe physical cash-market correction. December Live Cattle (/LEZ26) have slipped to $216.775/cwt as weak country cash bids ($216.00–$219.00 live) and sliding Choice boxed beef cutouts ($360.79/cwt) continue to squeeze paper margins. Market News (Performance Review & Rebalancing) Early week capital allocation reflects intense pre-WASDE positioning, macro energy liquidation, and continuous defensive risk management across the meat complex. Grains Cautious Ahead of Tuesday WASDE: Row-crop futures are holding tight support bounds into midday. December Corn (/CZ26) is trading at $4.39 1/4 per bushel, as traders weigh late season harvest deliveries against tomorrow's yield revisions. January Soybeans (/ZSF27) are hovering at $11.91 1/4 per bushel, supported by solid soy oil (/ZLZ26 at 62.37) processing crush values, while December Soybean Meal (/ZMZ26) holds near $319.30. Physical Cash Correction Pressure Cattle Boards: Live Cattle and Feeder Cattle futures remain under heavy pressure to start the week. December Live Cattle (/LEZ26) printed at $216.775/cwt, anchored by country cash live trade trickling in at $216.00–$219.00/cwt and Choice boxed beef cutouts pulling back toward $360.79/cwt. November Feeder Cattle (/GFX26) slipped to $328.775/cwt as feedyards struggle to regain leverage against throttled packer kill schedules. Equities & Metals Bounce: Broad equity index futures are flashing green mid-day, led by Nasdaq 100 E-minis (/MNQZ26) at 27,970.50 and S&P 500 E-minis (/MESZ26) at 7,569.50. Gold futures (/GCZ26) have rebounded back above $4,113.90/oz, with Silver (/SILZ26) trading near $52.700/oz. Mid-Day Performance Tracking & Trailing Levels Corn (/ZC): Support 430 - Resistance 450 - Status: Pre-Report Consolidation; December 2026 contract (/CZ26) trading near $4.39 1/4 as traders square short books ahead of tomorrow’s USDA yield update. Soybeans (/ZS): Support 1175 - Resistance 1220 - Status: Firm/Neutral; January 2027 contract (/ZSF27) holding near $11.91 1/4 per bushel on continuous processing crush margins. Wheat (/ZW): Support 580 - Resistance 615 - Status: Soft/Consolidating; December 2026 Chicago wheat (/ZWZ26) trading near $5.90 0/0, while Kansas City Wheat (/KEZ26) trades at $6.29 3/4 and Minneapolis Wheat (/MWEZ26) holds at $6.20 3/4. Live Cattle (/LE): Support 212.00 - Resistance 220.00 - Status: Bearish Breakdown; December 2026 contract (/LEZ26) soft at $216.775/cwt as paper boards adjust to $216–$219 country cash trade and softer Choice cutouts ($360.79). Feeder Cattle (/GF): Support 322.00 - Resistance 335.00 - Status: Soft Drift; November 2026 contract (/GFX26) trading near $328.775/cwt under the weight of cheaper cash fed cattle and expanding steer carcass weights. Lean Hogs (/HE): Support 54.00 - Resistance 59.50 - Status: Soft Breakdown; December 2026 lean hogs (/HEZ26) trading down near 56.375 cents as paper boards square against physical cash hog indices. Crude Oil (/CL): Support 84.50 - Resistance 92.00 - Status: High-Velocity Pullback; December 2026 WTI crude (/CLZ26) trading down to $87.78/bbl as macro energy profit-taking accelerates. Gold (/GC): Support 4050 - Resistance 4180 - Status: Strongly Bullish; December 2026 gold (/GCZ26) trading near $4,113.90/oz on sustained safe-haven demand. Silver (/SI): Support 50.50 - Resistance 54.50 - Status: Firm/Bullish; December 2026 silver (/SILZ26) trading at $52.700/oz. Chart of the Day: December Live Cattle (/LEZ26) Technical Setup Action: Maintain Strict Defensive Hedges / Hold Lower Baseline Triggers. Why: December Live Cattle futures have broken down to test $216.775/cwt. Packers successfully broke feedyard leverage late last week, pulling live country cash trade down into the $216.00–$219.00 band. With Choice boxed beef cutouts easing to $360.79 and steer carcass weights hitting near record highs (994 lbs), packer slaughter throttles remain fully engaged. Tactical Note: Feedlot operators must keep protective downside coverage locked down. Treat any minor pre-WASDE short-covering bounces as strategic windows to align trailing stop protections before November showlist negotiations resume. Market Pulse & Strategy Institutional trading desks are operating under an extremely disciplined pre report playbook today. Systematic funds are actively reducing energy long lines as crude drops to $87.78/bbl, while evening out grain portfolios ahead of tomorrow’s survey-based WASDE release. Inside the livestock room, capital desks remain heavily risk-averse, content to sell front month paper rallies until wholesale beef cutouts demonstrate a confirmed retail demand floor. Pro Takeaway: Tomorrow’s 11:00 AM CST USDA report is the primary directional catalyst for grains this week. Step up protective stops across row crops to insulate existing margins against potential yield surprises. In livestock, the cash market correction is in full force keep cattle showlists moving aggressively to prevent heavy weight penalties from compounding near-term margin damage. Notes The Pre WASDE Positioning: Pre-report trade surveys indicate market consensus expects national corn yield to drop 0.6 bpa to 180.6 bu/acre, while soybean yield is expected to tick up slightly to 53.5 bu/acre. Any deviation outside these boundaries will trigger immediate automated CTA execution at 11:00 AM CST tomorrow. The Rest of the Week Monday, November 9 (4:00 PM EST): USDA Weekly Crop Progress Report. Final national corn and soybean harvest completion updates across key Midwest states. Tuesday, November 10 (11:00 AM CST): USDA WASDE & Crop Production Report. The marquee statistical update of the month featuring official yield and ending stocks adjustments. Wednesday, November 11: EIA Weekly Petroleum Status Report. Monitor domestic crude inventory draws and ethanol production levels following WTI's drop to $87.78/bbl. Thursday, November 12 (8:30 AM EST): Weekly USDA Export Sales Report. Check export commitments for new-crop grains, beef, and pork. Trader Strategy: Secure tight trailing stops under open grain positions ahead of Tuesday's report. In livestock, keep downside risk insulation locked down while tracking country cash cattle trade negotiations. #LiveCattleFutures #CornFutures #SoybeanFutures #WASDE #CrudeOil #AgMarkets #MarketUpdate Futures Trading Disclaimer: Information provided is for educational purposes only.

QQQNasdaqNeutralNasdaqWTICLWTI Crude OilBullishWTI Crude OilGASNATGASNatural GasNeutralNatural GasSPYS&P 500NeutralS&P 500AgXAGSilverNeutralSilver

2d ago on

Monday Day Break Markets Report Pre Market Update, Monday, November 9, 2026 Early Morning Top News Macro desks are processing the fallout from the Federal Reserve's policy decisions and sticky 3.8% baseline inflation metrics. Operating without standard forward guidance under Chair Kevin Warsh, financial markets are adjusting to a prolonged environment of tight liquidity and elevated Treasury yields. Energy benchmarks are trading under pressure entering the second week of November, with active December WTI crude trading down near $86.70 a barrel as traders weigh persistent Persian Gulf shipping friction against broader corporate margin compression and demand-side headwind. This Morning's Commodity News The physical commodity floor opens Monday assessing post-WASDE stock adjustments, late Midwest harvest completion, and broader raw material flows. Dec '26 Corn (/ZCZ26) trades early Monday at $4.42 ¾ ($4.42 6/8), maintaining a defensive baseline shelf as harvest delivery pressure winds down across the Corn Belt. Country cash corn bids remain firm near $4.10 despite seasonal elevator supplies. Jan '27 Soybeans (/ZSF27) trade early near $11.93 ¼ ($11.93 2/8). While private flash export sales to North American and Asian buyers remain active, commercial hedging pressure and South American logistics projections continue to cap runaway technical rallies. In livestock, active Dec '26 Live Cattle (/LEZ26) trade near $214.175, active Nov Feeder Cattle (/GFX26) trade near $322.425, and Dec Lean Hogs (/HEZ26) trade at $53.375, as feedlots digest steady cash sales in the North ($223–$225) and disciplined packer slaughter schedules. Overnight Trading Globex sessions showed active two-way price discovery across major hard asset classes entering early morning trade. Dec '26 Corn traded at $4.42 ¾, while Dec '26 KC HRW Wheat held near $6.28 ½ and Dec Chicago Wheat traded near $5.88 ¾. WTI Crude futures traded near $86.70, while U.S. equity index futures showed Micro S&P 500 futures near 7,473.50 and Nasdaq futures at 27,363.00. Early Morning Markets - 6 A.M. Grains: Easing, Dec '26 Corn trades at $4.42 ¾, Jan '27 Soybeans trade near $11.93 ¼, and Dec '26 KC Wheat holds $6.28 ½ as harvest completion meets supply projections. Grains /ZCZ26 Dec Bias: Cautious Bullish Commentary: Dec '26 corn is trading near $4.42 ¾ above key technical support. The revised national yield footprint is providing a baseline floor as seasonal harvest completion nears. /ZSF27 Jan Bias: Neutral/Bullish Commentary: Jan '27 soybeans are consolidating right near $11.93 ¼. Export inquiries and solid crush margins are insulating contracts against broader fund profit-taking. /ZWZ26 Dec Bias: Neutral Commentary: Chicago wheat trades near $5.88 ¾. Ongoing Black Sea maritime logistics friction continues to support floor pricing, though heavy global competition caps aggressive bounces. /KEZ26 Dec Bias: Bullish Commentary: KC Wheat holds firm near $6.28 ½, backed by solid domestic elevator demand and winter wheat planting updates across the central Plains. Livestck Livestock: Softening, CME benchmark Dec '26 Live Cattle trade near $214.175, active Nov Feeder Cattle hold $322.425, and Dec Lean Hogs trade near $53.375. /LEZ26 Dec Bias: Bullish Commentary: Active December live cattle trade near $214.175. Feedlots are digesting recent Cattle on Feed data alongside steady $223–$225 live cash trade in the South. /GFX26 Bias: Bullish Commentary: Active November feeder cattle trade near $322.425, balancing tight country calf availability against elevated feed grain ration costs. /HEZ26 Dec Bias: Neutral. Active December lean hogs trade near $53.375, consolidating within fixed technical bounds as wholesale pork cutouts adjust to late autumn demand. Energy: Softening, WTI Crude futures trade near $86.70 for active December contracts, while Natural Gas trades near $3.141. Metals: Firm, Spot Gold holds near $4,133.50 and Silver trades at $52.795 as institutional capital hedges central bank policy uncertainty. Indices: Softening, S&P 500 futures trade near 7,473.50 and Nasdaq futures trade near 27,363.00 as equity markets digest elevated energy costs. Energy /CLZ26 Dec Bias: Bullish. WTI crude trades near $86.70. Physical supply tightness and Persian Gulf security risks remain active drivers, overriding broader macro demand fears in the short term. /NGZ26 Dec Bias: Neutral. Natural gas trades near $3.141, balancing shoulder-season temperature transitions against steady domestic storage injections. Social Chatter on X Crude Pullback: Traders discussing WTI holding near $86.70. Energy desks note that physical supply tightness and Gulf logistics mean algorithms continue to aggressively buy dips. Heavy discussion over harvest progress and Dec corn holding near $4.42 ¾. Producers note: "Harvest is finishing up, but cash corn holding near $4.10 is keeping guys from panic-selling off the combine." Macro Traders: Focus remains on Warsh's central bank framework. Fixed-income desks highlight that without forward guidance, every incoming labor and inflation data point will trigger sharp yield adjustments. Weekly Calendar Monday:USDA Grain Export Inspections USDA Crop Progress Report (Mondays, April–November) Wednesday:Consumer Price Index (CPI) or Producer Price Index (PPI) (Monthly) EIA Weekly Petroleum Status Report (Crude Oil & Distillates) Thursday:Weekly Initial Jobless Claims / USDA Weekly Export Sales EIA Natural Gas Storage Report Friday:Non-Farm Payrolls (NFP) & Unemployment Rate (First Friday of the month) USDA WASDE & Crop Production Reports (Monthly at 12:00 PM ET) CFTC Commitments of Traders (COT) Report #Harvest26 #DecCorn442 #WarshFed Disclaimer: Futures trading involves significant risk. Information provided is for educational purposes only.