Commodities

Futures fell to 135.90 cents on 30 October and remain about 17% below a year earlier, though above that late-October low. New York futures had recovered to about $1.58 a pound in late August from a 2026 low near $1.32 in July. ICE received …

The catalyst came from SODEXAM, the Ivorian state meteorological agency, which said 2026-27 output could fall by roughly a fifth to a quarter because of an exceptionally strong El Niño. It warned that annual rainfall could drop by 10% to 27%, with a shorter …

Lower energy prices this week reduced the incentive for Brazilian mills to turn cane into ethanol rather than sugar, which tends to weigh on sugar. Against that, Brazil's sugar output has been sharply lower this year because of excessive rain, with production down 41.6% …

On Friday 6 November the December contract closed at 214.050 cents, its lowest since 2 December, after nine straight losing sessions. Cash fed cattle fell by as much as $11 per hundredweight that week, to $212 in Iowa and $213 in Nebraska.

The NovemberSupplyandDemandreport, released on 10 November, cut US ending stocks to 3.70 million bales from 3.80 million, left exports unchanged at 12.30 million bales and lowered the season-average upland farm price by one cent to 76.0 cents a pound. Globally, USDA cut 2026/27 production …

Feeder cattle are young animals, typically 600 to 900 pounds, bought by feedlots to be fattened on grain before slaughter. The contract therefore measures feedlot input costs, reflecting both the expected value of a finished animal several months out and the cost of feed …

The pork cutout, USDA's measure of the wholesale value of a pig carcass, fell $1.29 on 10 November to $69.52 per hundredweight after touching its lowest since December 2020 the previous week.