Grains Surge as Dollar Weakens on October 6 2026
Grains and related commodities rallied on October 6, 2026, as the U.S. dollar weakened. December corn futures climbed 10 3/4 cents to $5.08, driven by short covering and bargain hunting. The slow pace of the U.S. corn harvest also provided support to prices.
November soybeans surged 22 1/4 cents to $13.03, while December soybean meal and soybean oil also reached near-daily highs. The gains followed recent selling pressure, with speculators engaging in short covering and bargain hunting.
Wheat futures across different varieties saw gains, with December SRW rising 12 cents to $7.04 1/4, December HRW up 14 cents to $7.56 1/4, and December spring wheat increasing 11 3/4 cents to $7.19 3/4. Similar to corn and soybeans, short covering and bargain hunting supported the wheat market.
December cotton futures rose 35 points to 81.21 cents, supported by gains in grains and a rally in U.S. stock indexes. The weaker dollar also played a role in lifting cotton prices.
In the livestock markets, December live cattle futures jumped $4.125 to $224.10, hitting a three-week high, while November feeder cattle gained $8.15 to $338.275, reaching a 2.5-month high. Technical buying was the key driver in these markets.
Meanwhile, December lean hog futures fell $0.575 to $70.375, pausing after a two-week high earlier in the week.