NeutralAuXAUGoldGoldWTICLWTI Crude OilWTI Crude OilIWMRussell 2000Russell 2000GASNATGASNatural GasNatural GasQQQNasdaqNasdaqSPYS&P 500S&P 500AgXAGSilverSilverPtXPTPlatinumPlatinum

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.

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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.

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3d ago on

The Opening Edge Sunday Futures Open Outlook November 8, 2026 Tonight’s open enters a newly recalibrated macro tape following Friday’s session. Equity index futures enter the Sunday bell under notable pressure after a sharp late week liquidation wave, with S&P 500 futures (/MES) settling Friday at 7,404.00, Nasdaq 100 futures (/MNQ) closing down at 27,107.25, and Dow futures (/MYM) dropping to 51,387. Equity markets continue to absorb yield curve friction and post FOMC positioning adjustments, with Russell 2000 futures (/M2K) holding at 2,761.1. In energy, December WTI crude oil (/CL) pulled back significantly to settle Friday at $90.34/bbl, easing immediate supply shock premiums even as natural gas (/NG) popped to clear the $3.00 threshold at $3.003/MMBtu. Precious metals staged a notable endof week recovery; December gold (/GC) surged back over the $4,000 baseline to settle at $4,079.5/oz, while silver (/SIL) closed at $51.960/oz. The primary tell out of the gate tonight is Gold’s Safe Haven Reclamation vs. Equity Index Floor Defense. If /GC comfortably defends its $4,070+ ground while crude oil (/CL) stabilizes near $90.00, institutional accounts will evaluate whether lower energy prices offer relief to beaten down equity dip buyers. However, if /MES and /MNQ break below Friday’s settlement floors, systematic CTA momentum sellers will press downside targets into early week trade. Watch the first 30 to 60 minutes closely; opening order flow will be fast and reactive. Energy Desk /CL Crude Oil December WTI crude enters the session after sliding to settle at $90.34/bbl on Friday. The market is balancing a softening physical war premium against ongoing Middle East transit monitoring. What to watch: The size of any initial gap at the bell, and whether commercial buyers step in to aggressively defend the $90.00 psychological pivot. Comments: Pullback testing ground. A sustained break under $90.00 opens a path toward broader energy deflation, while holding above allows bulls to attempt a baseline stabilization. Opening Edge: If /CL holds above $90.50 through the first 30 minutes, expect momentum buyers to attempt a fast recovery drive back toward $92.00. /NG Natural Gas December natural gas enters the session sitting firmly above $3.00 at $3.003/MMBtu, showing strong green momentum as early winter heating demand projections build. What to watch: Updated 8 to14 day weather maps for the central and eastern U.S. to gauge late November power burn drawdowns. Comments: Breakout posture. Clearing $3.00 brings speculative buying interest back to the front month contract. Opening Edge: If /NG holds above $3.00 out of the gate, look for speculative longs to target a secondary drive toward $3.12. Metals Desk /GC Gold December gold futures enter tonight's trade at $4,079.5/oz after an impressive Friday surge that pushed prices back above the critical $4,000 structural floor. What to watch: U.S. Dollar Index direction and Asian cash session physical demand following Friday's recovery. Comments: Strong safe haven bid. Reclaiming $4,050 confirms deep institutional buying interest on pullbacks despite rate volatility. Opening Edge: A clean hourly close above $4,085 early tonight confirms buyers are actively extending Friday's breakout momentum toward $4,120. /SIL Silver December silver enters the session hovering at $51.960/oz, consolidating after a volatile week alongside gold's baseline recovery. What to watch: Relative strength versus gold out of the gate and speculative industrial positioning in early Asian trade. Comments: High beta mover. Silver remains hyper sensitive to moves in real yields and dollar fluctuations. Opening Edge: If silver clears and defends $52.50 early tonight, expect speculative long volume to re accelerate toward $53.80. Equity Index Desk /MES S&P 500 Futures S&P 500 futures settled Friday at 7,404.00, testing key intermediate support as traders digest corporate earnings and post FOMC rate expectations. What to watch: Whether overnight trade defends Friday's 7,400 baseline or triggers secondary liquidation toward 7,350. Comments: Yield sensitive consolidation. Equity bulls need to defend 7,400 to prevent a broader multi week corrective sequence. Opening Edge: Holding above 7,405 in the first hour confirms institutional buyer presence, setting up an early relief push toward 7,450. /MNQ Nasdaq Futures Nasdaq 100 futures enter the session settled at 27,107.25, managing Tech sector liquidation pressure after a heavy Friday close. What to watch: 10 year Treasury yield direction in early Asian trade and relative performance against /MES. Comments: Growth proxy. Highly sensitive to any sudden upward momentum in bond yields. Opening Edge: If /MNQ holds above 27,110 in the first 30 minutes, momentum algorithms will target an immediate relief push toward 27,300. /MYM Dow Futures Dow Jones Industrial Average futures settled Friday at 51,387, tracking broad index weakness into the weekend. What to watch: Industrial and blue chip value rotation at the opening bell. Comments: Defensive anchor. Essential for confirming if broader market breadth is stabilizing. Opening Edge: If /MYM reclaims 51,500 early, expect value seeking accounts to step in and stabilize index breadth. /M2K Russell 2000 Futures The "Truth Teller." Small caps settled Friday at 2,761.1, acting as the key gauge for domestic business balance sheet stress. What to watch: Early market breadth clues and short-covering interest at the open. Opening Edge: If /M2K leads an overnight /ES bounce, it confirms authentic, broad based market risk appetite. Monday's Opening Edge Grain Desk /ZC Corn December corn futures enter the week sitting at $442.25/bu ($4.42 1/4), with Kansas City wheat (/KE) at $631.75/bu ($6.31 3/4) and Minneapolis wheat (/MWE) at $6.1525/bu ($6.15 1/4). What to watch: Early week harvest completion reports across the Corn Belt and commercial end user scale down bids. Comments: Harvest baseline. Commercial end users continue offering structural support on technical pullbacks. Opening Edge: If December corn holds above $4.40 at the 8:00 PM ET reopen, look for commercial buyers to step in and spark a corrective bounce toward $4.48. /ZW Wheat December Chicago wheat enters the session sitting at $590.50/bu ($5.90 1/2), testing sub-$6.00 technical floors into the Sunday open. What to watch: International export tenders, Black Sea logistics, and Southern Plains planting conditions. Comments: High beta ag leader. Tends to trigger rapid automated order flow across the broader ag floor during thin overnight hours. Opening Edge: If wheat reclaims $5.98 in the first hour of ag trade, expect fund short covering to spill over and lift corn and soybeans. /ZS Soybeans January soybeans (/ZSF27) enter tonight's trade at $1,194.50/bu ($11.94 1/2), with soybean oil (/ZL) at 62.31 and meal (/ZM) at $318.80. What to watch: 8:00 PM ET weather map updates for South America and flash export sales announcements to China. Comments: Demand supported. Physical processing margins and commercial end users continue providing a baseline. Opening Edge: Holding above $1,190.00 ($11.90) at the reopen signals commercial support, setting up a recovery push toward $1,208.00. Livestock Desk /LE Live Cattle December live cattle futures enter the week sitting at $214.175 ($214.17 1/2), showing firm green strength into the Friday close. What to watch: Cash trade expectations for the coming week and boxed beef cutout movement. Comments: Structural firming. Tight domestic cattle numbers continue supporting the long term trend. Opening Edge: If December live cattle defend $214.00 out of the gate, expect buyers to target a retest of last week's highs near $216.50. /GF Feeder Cattle October feeder cattle enter the week at $322.425 ($322.42 1/2), benefiting from lower grain input costs to maintain margin relief. What to watch: The 8:00 PM ET ag reopen. Any movement in corn input costs will directly impact feeder execution. Comments: High margin sensitivity. Softer grain prices provide immediate breathing room for feeder cattle margins. Opening Edge: If corn futures open flat to soft at 8:00 PM ET, look for feeder cattle to build on momentum toward $326.00. /HE Lean Hogs December lean hogs enter the week at $53.375 ($53.37 1/2), navigating seasonal pork cutout trends and packer slaughter pace. Comments: Technical range. Watch packer margin adjustments and late fall cutout movement. Opening Edge: If /HE holds above $53.00 early, expect range bound traders to step in for an early push toward $54.50. Things To Watch Immediately After Open Does Crude Oil (/CL) defend the $90.00 floor or break down toward $88.00? Does /MES defend Friday's 7,404.00 settlement baseline or test lower support? Do Gold (/GC) and Silver (/SIL) build on Friday's strong green bounce? Does Natural Gas (/NG) hold its $3.00+ breakout posture? How do grains (/ZC & /ZS) and livestock (/GF) respond as the ag floor reopens at 8:00 PM ET? Opening Levels That Matter Friday Settlement Baseline: S&P 500 (/MES) at 7,404.00, WTI Crude (/CL) at $90.34, Dec Gold (/GC) at $4,079.5, Dec Corn (/ZC) at $442.25. S&P 500 Key Floor: 7,400.00; holding above keeps short term momentum in favor of bulls. WTI Crude Pivot: $90.00; holding above keeps the energy recovery intact. Gold Structural Support: $4,050.00; key technical reclaimed level confirming Friday's hold has institutional backing. The Bottom Line Tonight’s session hinges on whether gold's push back over $4,070 and crude's pullback to $90 allow equity futures to stabilize after Friday's decline. Keep your eyes squarely on the triple node relationship between /CL ($90.34), /GC ($4,079.5), and /MES (7,404.00). If crude stabilizes while gold holds its bounce and equity futures defend 7,400, bulls have an opportunity to stage a relief drive. Let the opening noise clear out, avoid chasing Sunday gaps, and execute cleanly at your hard technical levels. #TheOpeningEdge #FuturesTrading #MarketOpen #MacroTrading #EnergyShock #InflationWatch #AgTrading

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3d ago on

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.

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.