Back to today’s briefing

Story perspectives

Soybean Futures Surge Amid Lower Yields, Cattle Prices Hit Record

10/9/2025

29 5 Full Breakdown

Summary

Story summary

United States soybean futures rose on expected lower harvest yields and limited farmer sales; cash at $10.27-3/4.
Corn futures rose slightly to $4.21 per bushel, supported by soybean strength.
Wheat futures hovered near five-year lows, pressured by a stronger dollar.
Cattle futures rallied, with feeder cattle reaching all-time highs as Mexican imports fell due to New World Screwworm concerns.

History

Historical Context

The Agricultural Adjustment Act (AAA) of 1933 was enacted during the Great Depression to stabilize falling crop prices by reducing production. By 1936, this led to a 25% increase in farm income. The AAA's approach to managing agricultural supply through subsidies and production limits marked a significant federal intervention in farming, reflecting ongoing challenges in agricultural price stability.

1 of 2

Story summary

United States soybean futures rose on expected lower harvest yields and limited farmer sales; cash at $10.27-3/4.
Corn futures rose slightly to $4.21 per bushel, supported by soybean strength.
Wheat futures hovered near five-year lows, pressured by a stronger dollar.
Cattle futures rallied, with feeder cattle reaching all-time highs as Mexican imports fell due to New World Screwworm concerns.

1 / 2