NeutralPtXPTPlatinumPlatinumWTICLWTI Crude OilWTI Crude Oil
IWMRussell 2000Russell 2000GASNATGASNatural GasNatural Gas
QQQNasdaqNasdaq
SPYS&P 500S&P 500AgXAGSilverSilverAuXAUGoldGold 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.
View original →PtXPTPlatinumBullishPlatinumWTICLWTI Crude OilBullishWTI Crude OilGASNATGASNatural GasBullishNatural Gas
PLPlanet LabsBullishPlanet Labs
QQQNasdaqBullishNasdaq
SPYS&P 500BullishS&P 500AgXAGSilverBullishSilverAuXAUGoldBullishGold
IWMRussell 2000BearishRussell 2000 Sunday Open Watchlist (Ranked Top to Bottom)
1. /CL Crude Oil Futures
Bias: Volatile / Bullish Rebound
Support / Resistance: $88.50 | $93.50
Gap Potential: HIGH (Geopolitical / Iran News Risk)
(Headline sensitive)
Sunday Open Plan: Takes the #1 spot following Friday's settlement at $90.34. Crude experienced a massive sell off last week (~15-16% drop) on U.S./Iran diplomatic headlines. Energy remains the highest headline beta asset on the board heading into Sunday Globex watch for immediate gap open risk if weekend talks stall or regional security reports escalate.
2. /NG Henry Hub Natural Gas Futures
Bias: Bullish (Breakout / Seasonal Demand)
Support / Resistance: $2.920 | $3.120
Gap Potential: HIGH (Weather / Storage Risk)
Sunday Open Plan: Settled cleanly above key psychological ground at $3.003 (+1.73% on Friday). As seasonal heating draws kick into gear, natural gas carries strong upside momentum. Primed for a gap higher open if weekend 8 to 14 day weather models project colder trends across major demand centers.
3. /SIL Micro Silver Futures
Bias: Bullish (High-Beta Rebound)
Support / Resistance: $50.50 | $53.80
Gap Potential: HIGH (Upside Breakout)
Sunday Open Plan: Settled at $51.960 into the weekend. Silver continues to trade with high beta relative to gold. If the U.S. dollar index softens on Sunday evening following Friday's hot jobs report (+165k vs +59k exp), /SIL offers high reward tactical continuation setups above $52.00.
4. /MNQ Micro E-mini Nasdaq-100 Futures
Bias: Moderately Bullish (Tech Bounce)
Support / Resistance: 26,750 | 27,450
Gap Potential: Moderate
Sunday Open Plan: Settled at 27,107.25 after tech equities rebounded on Friday from Thursday's severe AI sell off. Heavy volume anchor (4.25M volume on Globex/CME). Look for orderly upside drift toward 27,400+ as long as 10 year Treasury yields don't surge on Sunday night.
5. /GC Gold Futures
Bias: Neutral to Bullish
Support / Resistance: $4,020 | $4,135
Gap Potential: Moderate (Upside Bias)
Sunday Open Plan: Settled green at $4,079.50. Strong nonfarm payroll numbers pushed bond yields up and raised Fed rate hike odds slightly, but macro uncertainty keeps a firm safe haven floor under gold. Lower beta than silver, but offers a clean, structured trend setup on Globex.
6. /MES Micro E-mini S&P 500 Futures
Bias: Neutral to Bullish
Support / Resistance: 7,320 | 7,480
Gap Potential: Low
Sunday Open Plan: Settled at 7,404.00 (1.74M volume). Solid middle of the road benchmark after absorbing Friday's mixed labor market data. Best evaluated for standard Sunday evening Opening Range Breakout (ORB) entries once Globex volume builds.
7. /M2K Micro E-mini Russell 2000 Futures
Bias: Bearish / Tactical Rate Pressure
Support / Resistance: 2,710 | 2,820
Gap Potential: Low-to-Moderate
Sunday Open Plan: Settled red at 2,761.10. Small-caps faced distinct drag following Friday's strong payroll print, which pushed yields higher and squeezed interest rate sensitive equities. Best treated as a tactical squeeze play off 2,750 support or a relative short.
8. /PL Platinum Futures
Bias: Mildly Bullish (Sympathy)
Support / Resistance: $1,500 | $1,570
Gap Potential: Low
Sunday Open Plan: Settled green at $1,537.00. Moving in sympathy with gold's green close. Lacks the independent speculative volume of silver and gold (16k volume), making it a secondary tracker if silver overextends.
9. /MYM Micro E-mini Dow Jones Futures
Bias: Bearish / Relative Weakness
Support / Resistance: 50,900 | 51,800
Gap Potential: Low
Sunday Open Plan: Settled red at 51,387. Relative underperformer on the board as industrial and financial heavyweights lagged tech momentum. Remains the primary candidate for relative weakness short setups against /MNQ or /SIL.
Futures trading involves significant risk. Information provided is for educational purposes only.
View original →NeutralPtXPTPlatinumPlatinumWTICLWTI Crude OilWTI Crude OilGASNATGASNatural GasNatural Gas
NVDANVIDIANVIDIA
PLPlanet LabsPlanet Labs
QQQNasdaqNasdaq
SPYS&P 500S&P 500AgXAGSilverSilver Sunday Morning Futures: November 8, 2026
News, Markets, Futures & Outlooks
Today’s Top Story: Strong October Jobs Report and Post Midterm Volatility Dominate Wall Street Heading into November
Global financial markets and institutional trading desks open this Sunday following a high stakes, action packed week defined by major political developments and a surprisingly robust employment report. Wall Street spent the weekend digesting the October Nonfarm Payrolls release, which showed the U.S. economy added 165,000 jobs substantially blowing past consensus expectations.
While the data underscored underlying economic resilience, it triggered an immediate spike in Treasury yields and repriced rate expectations as investors weighed the implication of a potentially less accommodative Federal Reserve.
The robust labor print capped off a rollercoaster week that began with sharp political shifts following the U.S. midterm elections, which sparked an initial relief rally before tech heavy growth sectors absorbed a severe mid week valuation correction led by AI and semiconductor equities. As institutional desks square their books for the second week of November, focus turns swiftly toward upcoming Consumer Price Index (CPI) inflation data.
Global News This Morning
Geopolitical headlines and strategic trade arteries remain focal points for international investors. Central banks globally are closely monitoring shifting currency dynamics following the U.S. employment surprise, which pushed the dollar higher against major foreign exchange counterparts.
Meanwhile, energy ministries and maritime monitoring groups continue to track transit security across Middle Eastern shipping lanes and key export hubs, keeping war risk insurance premiums elevated and crude oil logistics sensitive to ongoing regional developments.
Top U.S. News
Domestically, political aftermath from the midterm elections continues to dominate Washington policy circles, with congressional committees evaluating legislative priorities and regulatory adjustments. In economic administration, federal agencies are preparing for next week's heavy data docket, while corporate leadership teams across retail and transportation sectors adjust logistics pipelines to accommodate early holiday shopping demand and shifting consumer spending habits.
The Economy
The macroeconomic narrative heading into mid-November is dominated by the tension between robust hiring momentum and sticky core inflation pressures. Friday’s employment report confirmed that labor demand remains solid, complicating the path for monetary easing.
Wall Street equity indexes experienced a turbulent week of sector rotation, characterized by sharp mid-week tech sell-offs followed by late week recovery attempts in select chip and industrial names. Benchmark U.S. Treasury yields pushed higher across the curve as rate hike and "higher for longer" odds were reassessed.
2-Year T-Note (/ZT): Adjusting to firmer short term policy rate expectations following the strong employment print.
10-Year T-Note (/ZN): Pressured higher in yield as bond markets reacted to hotter-than expected payroll growth.
Commodities
Commodity complexes closed out the week with distinct sector divergence, reacting to shifting dollar strength, inventory adjustments, and macroeconomic data prints.
Energies & Metals: Energy markets pulled back as global demand sentiment and post election positioning weighed on crude benchmarks, with December Crude Oil (/CL[Z26]) settling at $90.34/bbl and Natural Gas (/NG[Z26]) ticking up to $3.003.
In precious and industrial metals, December Gold (/GC[Z26]) held firm near $4,079.50/oz, Platinum (/PL[F27]) settled at $1,537.00, and Silver (/SIL[Z26]) tested $51.960/oz amidst safe haven demand and currency fluctuations.
Grain complexes traded with a mild defensive bias as harvest completion reports rolled in across the Corn Belt. Livestock sectors experienced mixed trade dynamics.
Indices
Micro E-mini S&P 500 (/MES[Z26]): Settled Friday at 7,404.00, digesting post employment data and tech sector volatility.
Micro E-mini Nasdaq 100 (/MNQ[Z26]): Settled Friday at 27,107.25, stabilizing after absorbing mid week AI valuation pressures.
Micro E-mini Dow (/MYM[Z26]): Settled Friday at 51,387, supported relative to tech by industrial and value inflows.
Crypto
Bitcoin / Micro Bitcoin (/MBT[X26]): Holding critical psychological support near $76,010 amidst broader risk off crypto liquidations and macro ETF flow adjustments.
Magnificent 7
The Magnificent 7 remains under intense institutional scrutiny following last week's brutal mid week AI and semiconductor sell off and subsequent rebound attempts. Leadership remains fragmented as investors balance explosive artificial intelligence infrastructure demand against massive capital expenditure requirements and high valuations.
Nvidia and major chipmakers continue to serve as the market's primary sentiment barometers. Price action across the Mag 7 this week will depend heavily on whether "buy the dip" institutional interest proves durable or if macroeconomic yield pressures prompt a broader rotation toward defensive sectors.
Disclaimer: Futures trading involves significant risk. Information provided is for educational purposes only.
#SundayMorningFutures #WallStreet #Macroeconomics
View original →NeutralPtXPTPlatinumPlatinumWTICLWTI Crude OilWTI Crude Oil
IWMRussell 2000Russell 2000GASNATGASNatural GasNatural Gas
QQQNasdaqNasdaq
SPYS&P 500S&P 500AgXAGSilverSilver Closing Markets & Commodities, November 5, 2026
Wall Street suffered a brutal, widespread selloff on Thursday as a deepening technology liquidation and renewed inflation fears triggered the market's worst single day drop in over a year. Equity index futures tumbled across the board, with Micro E-mini Nasdaq futures (/MNQZ26) sliding over 1,400 points (-5.5%) to close at 26,600.50, while Micro E-mini S&P 500 futures (/MESZ26) plunged 4.4% to settle at 7,353.00.
Meanwhile, front month WTI crude oil derivatives (/CLZ26) pulled back toward a $91.20 per barrel ask following recent multi month peaks. Agricultural and metals paper faced persistent technical selling, with December corn (/ZCZ26) slipping to $4.40 3/4 per bushel ask and gold (/GCZ26) consolidating near $4,097.9 per ounce ask.
Top Story of the Day
AI Hardware Selloff & Persistent Inflation Concerns Trigger Sharp Market Wipeout Derivative markets faced aggressive cross asset liquidation on Thursday as an AI infrastructure selloff dragged growth index benchmarks sharply lower.
Concerns surrounding post midterm policy shifts on data center approvals coupled with rising Federal Reserve inflation projections triggered widespread profit taking and short hedge positioning. Micro E-mini Nasdaq 100 derivatives (/MNQZ26) led losses, dropping 5.5% into the close. Industrials and small cap futures were not spared, with Dow futures (/MYMZ26) shedding over 1,700 points to close at 51,343.
In commodities, crude oil (/CLZ26) pulled back to a $91.20/bbl ask, while grain and livestock complexes adjusted lower across CBOT and CME boards.
Today's Top Market Surprises
Top Macro Surprise: AI Infrastructure Selloff Sparks Worst Session Since Spring 2025 Concerns over data center buildouts and potential rate hike expectations pushed the S&P 500 down 4.4% and the Nasdaq down 5.5% in a broad risk off flight.
Top Futures Surprise: Equity Index Futures Suffer Multi-Percent Drops Micro E-mini S&P 500 (/MESZ26) and Russell 2000 (/M2KZ26) derivatives broke through near term support levels, settling at 7,353.00 and 2,723.3 respectively.
Commodities
Top Commodity Gainer: Energy Derivatives Lead Benchmark Resilience Despite pulling back from recent highs, front month WTI crude oil (/CLZ26) maintained green territory relative to open, settling at a $91.20/bbl ask.
Top Commodity Loser: Lean Hog Derivatives (/HEZ26) Extend Downside December lean hog futures fell to a fresh low at a $54.975/cwt ask as expanding seasonal slaughter supplies continued to pressure cash market clearing levels.
Grains & Softs
Row crop derivatives traded lower on Thursday as post harvest supplies continued channeling into commercial river terminals. December corn futures (/ZCZ26) settled with a closing ask of $4.40 3/4 per bushel ($440.75).
January soybean futures (/ZSF27) consolidated with a closing ask near $11.89 3/4 per bushel ($1189.75), while Chicago SRW wheat (/ZWZ26) settled with a closing ask of $5.99 1/4 per bushel ($599.25).
Corn (December '26 / ZCZ26): Open: $4.43 1/2, Close Ask: $4.40 3/4, down: $0.02 3/4, Trend: Bearish Pullback
Soybeans (January '27 / ZSF27): Open: $11.98 0/0, Close Ask: $11.89 3/4, down: $0.08 1/4, Trend: Bearish Pullback
Wheat (Chicago December '26 / ZWZ26): Open: $6.03 1/4, Close Ask: $5.99 1/4, down: $0.04 0/0, Trend: Bearish Pullback
KC Hard Red Winter Wheat (December '26 / KEZ26): Open: $6.40 0/0, Close Ask: $6.35 1/4, down: $0.04 3/4, Trend: Bearish Pullback
Minneapolis Spring Wheat (December '26 / MWEZ26): Open: $6.24 0/0, Close Ask: $6.20 0/0, down: $0.04 0/0, Trend: Bearish Pullback
Soybean Oil (December '26 / ZLZ26): Open: 62.85¢, Close Ask: 62.22¢, down: 0.63¢, Trend: Neutral Consolidation
Soybean Meal (December '26 / ZMZ26): Open: $320.5, Close Ask: $317.4, down: $3.10, Trend: Bearish Pullback
Market Note: Harvest completion across the western Corn Belt is placing seasonal hedge pressure on country elevator bids as grain transfers into primary processing channels.
Livestock
The livestock complex saw divergent performance on Thursday. Live cattle futures (/LEZ26) settled with a closing ask near $214.475/cwt as steady cash floor bidding provided support.
Feeder cattle paper (/GFX26) held near a $325.075/cwt ask, while December lean hog futures (/HEZ26) fell to a $54.975/cwt ask under seasonal slaughter expansion.
Live Cattle (December '26 / LEZ26): Open: $213.800, Close Ask: $214.475, up: $0.675, Trend: Bullish Rebound
Feeder Cattle (November '26 / GFX26): Open: $325.100, Close Ask: $325.075, down: $0.025, Trend: Neutral Consolidation
Lean Hogs (December '26 / HEZ26): Open: $55.800, Close Ask: $54.975, down: $0.825, Trend: Bearish Breakdown
Feedyard Note: High Plains feedyards continue to hold out for firm cash fed cattle asking prices, defending margins against recent grain input fluctuations.
Energies & Biofuels
Energy derivatives pulled back on Thursday following recent multi session gains. WTI crude oil (/CLZ26) settled with a closing ask of $91.20/bbl. Natural gas futures (/NGZ26) traded down to a closing ask near $2.952/MMBtu on steady seasonal storage injections.
Crude Oil (WTI December '26 / CLZ26): Open: $92.10, Close Ask: $91.20, down: $0.90, Trend: Bullish Extension
Natural Gas (December '26 / NGZ26): Open: $2.985, Close Ask: $2.952, down: $0.033, Trend: Bearish Pullback
Metals & Macros
Precious and industrial metals traded lower on Thursday as broader market risk liquidation spilled into hard assets. December gold (/GCZ26) settled with a closing ask of $4,097.9/oz, while silver (/SILZ26) dropped to $51.810/oz. Micro Bitcoin futures (/MBTX26) traded near 75,900 ask.
Index Derivatives Slide: Micro E-mini S&P 500 futures (/MESZ26) plunged to an ask of 7,353.00, while Dow futures (/MYMZ26) dropped 1,745 points to 51,343. Micro E-mini Nasdaq futures (/MNQZ26) settled down at 26,600.50 ask, and Russell 2000 futures (/M2KZ26) slipped to 2,723.3 ask.
Gold (December '26 / GCZ26): Open: $4,118.5, Close Ask: $4,097.9, down: $20.6, Trend: Bearish Pullback
Silver (December '26 / SILZ26): Open: $52.450, Close Ask: $51.810, down: $0.640, Trend: Bearish Pullback
Platinum (January '27 / PLF27): Open: $1,532.0, Close Ask: $1,518.7, down: $13.3, Trend: Bearish Pullback
Nasdaq 100 Futures (/MNQZ26): Open: 28,020.00, Close Ask: 26,600.50, down: 1,419.50, Trend: Strong Bearish Breakdown
S&P 500 Futures (/MESZ26): Open: 7,688.00, Close Ask: 7,353.00, down: 335.00, Trend: Strong Bearish Breakdown
Dow Futures (/MYMZ26): Open: 53,088, Close Ask: 51,343, down: 1,745, Trend: Strong Bearish Reversal
Russell 2000 Futures (/M2KZ26): Open: 2,850.3, Close Ask: 2,723.3, down: 127.0, Trend: Bearish Breakdown
Micro Bitcoin Futures (November '26 / MBTX26): Open: 77,210, Close Ask: 75,900, down: 1,310, Trend: Bearish Pullback
Friday Watch (November 6)
Traders entering Friday's session will focus on post selloff equity stabilization, late week cash livestock volume settlements, and weekend energy risk positioning.
Equity Index Stabilization: Monitor growth and broad market derivatives for signs of support or follow through liquidation following Thursday's steep selloff.
Physical Cash Cattle Trade: Watch High Plains feedyard negotiations for late week cash volume settlements.
Persian Gulf Energy Risk Pricing: Track WTI crude and refined product derivatives for weekend position adjustments tied to maritime transit safety.
Post Harvest Country Basis: Observe Midwestern cash grain basis trends as post harvest commercial pipeline flows continue.
#MarketUpdate #FuturesTrading #GrainMarkets #CrudeOil #CattleFutures
Futures trading involves significant risk. Information provided is for educational purposes only.
View original →NeutralPtXPTPlatinumPlatinumWTICLWTI Crude OilWTI Crude OilGASNATGASNatural GasNatural GasAgXAGSilverSilverAuXAUGoldGold
Mid-Day Markets - November 5, 2026
This Morning's Top Story
The broader commodity complex is experiencing a notable risk off pullback today, November 5, 2026, as cross-asset long liquidation, post election positioning adjustments, and a firm U.S. Dollar index press physical commodity valuations across energy, agricultural, and protein counters. WTI Crude Oil futures (/CLZ26) have backed off recent triple digit peaks to trade near $90.55 per barrel, reflecting temporary profit-taking and easing spot shipping anxiety, though Natural Gas (/NGZ26) continues to firm near $2.977/MMBtu. Meanwhile, Gold (/GCZ26) has stabilized near $4,131.00 per ounce, retaining a solid macro hedge baseline.
In agriculture, row crops are navigating late-harvest pressure and pre WASDE report positioning ahead of Friday's upcoming USDA updates. December Corn (/ZCZ26) is holding near $4.41 1/4 per bushel, while January Soybeans (/ZSF27) adjust down to $11.93 1/2/bu as lower December Soybean Meal (/ZMZ26 at $318.00/ton) and Soybean Oil (/ZLZ26 at 62.24 cents/lb) weigh on crush margins.
In the livestock room, meat derivatives are facing a sharp technical breakdown; December Live Cattle (/LEZ26) have dropped to $213.80/cwt under the pressure of expanding fall marketings and breaking country cash bids, while Feeder Cattle (/GFX26) slip to $324.775/cwt.
Market News
Mid day portfolio flows show broad risk off rebalancing across index futures and proteins, a softening crude baseline near $90.55, and pre-report positioning across grain boards.
WTI Crude Oil Pulls Back to $90.55/bbl: Active December WTI crude futures (/CLZ26) have eased to $90.55 per barrel as automated CTAs lock in recent gains, though underlying transport risks keep structural support active. Natural gas (/NGZ26) lifts to $2.977/MMBtu.
Gold Consolidates Near $4,131/oz: December Gold futures (/GCZ26) are holding steady near $4,131.00/oz, while Silver (/SILZ26) trades at $52.705/oz and Platinum (/PLF27) holds near $1,534.80/oz as institutional desks maintain macro inflation protection.
Row Crops Ease Ahead of WASDE: Active December Corn (/ZCZ26) is trading near $4.41 1/4 per bushel. December Chicago Wheat (/ZWZ26) holds at $6.01 1/2/bu, KC HRW Wheat (/KEZ26) trades near $6.38/bu, and Minneapolis Spring Wheat (/MWEZ26) holds at $6.21/bu.
Soybeans & Crush Feeds Adjust Downward: January Soybeans (/ZSF27) are trading at $11.93 1/2 per bushel, pressured by December Soybean Oil (/ZLZ26) easing to 62.24 cents/lb and Soybean Meal (/ZMZ26) slipping to $318.00/ton.
Cattle Board Suffers Deep Liquidation: Active December Live Cattle (/LEZ26) slipped to $213.80/cwt as packer leverage and expanding country show lists break country cash bids down toward $218–$220/cwt.
November Feeder Cattle (/GFX26) dropped to $324.775/cwt, while December Lean Hogs (/HEZ26) trade down at 54.800 cents.
Commodity Status Updates (Performance tracked from Monday Open)
Corn (/ZCZ26): Support 430, Resistance 455, Status: Soft/Pre-WASDE Drift; Active December contract trading near $4.41 1/4 per bushel as seasonal harvest completion and report position squaring dominate.
Soybeans (/ZSF27): Support 1175, Resistance 1220, Status: Soft/Pressured; January futures adjusting near $11.93 1/2 per bushel on weaker crush product values.
Wheat (/ZWZ26): Support 585, Resistance 620,
Status: Ranging; Chicago December contracts trading near $6.01 1/2 per bushel amid steady global competition.
Live Cattle (/LEZ26): Support 210.00, Resistance 220.00, Status: Bearish Liquidation; Active December contracts dropping to $213.80/cwt as country cash market weakness and packer slaughter throttling weigh heavily on paper margins.
Lean Hogs (/HEZ26): Support 52.50, Resistance 58.00, Status: Weak/Downtrend; Active December contracts trading down at 54.800 cents. Crude Oil (/CLZ26): Support 88.00, Resistance 96.00, Status: Corrective Pullback; Active December
Chart of the Day: December Live Cattle (/LEZ26) Technical Breakdown
Action: Maintain Strict Downside Hedges / Protect Equity Baselines.
Why: Active December Live Cattle (/LEZ26) has sliced through intermediate technical support to test $213.80/cwt. The paper board is capitulating to a heavy country cash correction where packer leverage and expanding late fall show lists have forced cash trade down.
Tactical Note: Long liquidation is running hot across the livestock room. Do not drop protective floor coverage or trailing puts until wholesale boxed beef cutouts demonstrate a durable physical floor.
Market Observations
Institutional money managers are actively derisking portfolios ahead of Friday's monthly USDA WASDE supply/demand balance sheet update. While energy and precious metals are taking a brief breather, agricultural row crops and livestock derivatives are reflecting immediate physical supply deliveries and margin compression. Maintaining strict risk controls and downside protection remains essential.
Top Ag Watch of the Week
Monitor Friday's USDA WASDE report yield revisions and late-week negotiated cash cattle trade. With December live cattle dropping to $213.80 and corn easing to $4.41 1/4, tracking official USDA production adjustments against country feedyard asking prices will determine if a mid November technical floor can establish.
#CrudeOil #CornFutures #Soybeans #LiveCattleFutures #GoldFutures #GrainMarkets #CommodityTrading
Futures trading involves significant risk. Information provided is for educational purposes only.
View original →