Grains and Livestock Markets Tumble Amid Lack of U.S.-China Summit News
September 25, 2026, marked a tumultuous day in the grains and livestock futures markets. The DTN Progressive Farmer reported that December corn prices plummeted by 10 1/4 cents per bushel, while November soybeans dropped by 15 1/2 cents. In contrast, December KC wheat fell by 22 1/4 cents, and December Chicago wheat dipped by 21 cents. Meanwhile, December MIAX wheat declined by 14 cents.
The Dow Jones Industrial Average rose significantly, gaining 124.98 points. The U.S. Dollar Index decreased by 0.340, while November crude oil slid by $1.49 per barrel. However, a silver lining emerged as December gold prices increased by $17.10 per ounce. Market analysts pointed to the lack of significant news from the U.S.-China summit and potential peace plans for ongoing wars as contributing factors to the market's downturn.
Regarding livestock markets, December live cattle fell by $0.08 at $221.025, whereas November feeder cattle rose by $1.83 at $329.9. December lean hogs gained $0.55 at $70.025, but with no established asking prices in the North yet.