Core Insights - The grain and oilseed sector experienced widespread price declines in Q3 2025, with soybean meal futures falling by 2.06% and soybean oil by 6.93% [1]. - Despite the bearish trend in soybean prices, there is potential for future price increases due to rising global demand and production cost pressures [3][4]. Soybean Market - Soybean meal futures settled at $265.70 per ton, while soybean oil settled at 48.87 cents per pound as of September 30, 2025 [1]. - Over the first nine months of 2025, soybean meal prices declined by 13.66%, whereas soybean oil prices increased by 22.85% [1]. - Nearby soybean futures settled at $10.0175 per bushel on September 30, 2025, with a slight increase to $10.2750 in mid-October [2]. Corn Market - Nearby CBOT corn futures declined by 1.19% in Q3 2025 and were down 9.38% over the first nine months of 2025 [6]. - Corn futures settled at $4.1550 per bushel on September 30, 2025, with a marginal increase to $4.2050 in mid-October [7]. Wheat Market - Nearby soft red winter wheat futures fell by 3.92% in Q3 2025 and were down 7.89% over the first nine months of 2025 [8]. - KCBT hard red winter wheat futures declined by 1.63% in Q3 2025, settling at $4.9775 per bushel on September 30, 2025 [10]. - Nearby MGE spring wheat futures decreased by 6.67% in Q3 2025, settling at $5.6275 per bushel [11]. Other Grains - Oat futures saw a significant decline of 20.49% in Q3 2025, settling at $3.0750 per bushel [12]. - Rough rice futures dropped by 13.82% in Q3 2025, settling at $11.165 per cwt [13]. Market Outlook - The grain and oilseed prices are expected to remain bearish in Q4 2025 due to sufficient crop yields meeting global demand [14]. - The lack of USDA data due to a government shutdown may hinder market transparency, but robust supplies suggest limited downside potential for prices [16]. - The cyclical nature of agricultural commodities indicates that current low prices may discourage production, potentially leading to higher prices in the future [16].

Nearby ICE sugar futures settled Q3 at 16.10 cents per pound. The monthly chart highlights the bearish trend since the November 2023 high of 28.14 cents per pound. The March futures at 15.60 cents per pound in mid-October were lower in early Q4.World sugar futures #11 on the Intercontinental Exchange moved 4% higher in Q3, but remains under pressure in 2025, with a 16.41% decline over the first nine months of this year.The six-month declines in Arabica coffee, cocoa, and FCOJ futures, which had reached new ...