Markets Shift as Rate Hopes Lift Commodities

Grains, livestock and equities rise on improving outlook and strong demand trends

On the weekly Ag Commodity Corner+ Podcast, hosted by Farms.com Risk Management Chief Commodity Strategist Moe Agostino and Commodity Strategist Abhinesh Gopal, market discussions were about how commodity markets performed during the week of November 24 to 28, 2025.

With U.S. Thanksgiving behind the markets, analysts reviewed how grains, livestock, energy, and financial sectors reacted to shifting economic signals.

Corn, soybeans, and canola all posted weekly gains, with corn rising about 10 cents and soybeans up 13 cents. Canola reached above 650 as improved demand and stronger export numbers supported prices. Livestock markets were also firmer, with feeder cattle climbing nearly 10 points. These improvements came after a slower start to November, especially following a muted USDA November crop report earlier in the month.

A major focus of the podcast was the anticipation surrounding the upcoming December USDA crop report. Typically, not a major market mover, this year's report carries added weight due to the extended U.S. government shutdown that delayed several data releases. Analysts are watching to see whether USDA tightens balance sheets and continues to lower U.S. yields.

Corn export demand remained a bright spot, with shipments trending toward record levels even without significant Chinese purchases. Soybean exports improved as well, although commitments remain below last year. The ongoing U.S.–China trade truce could open the door for stronger buying in December.

Outside the grain markets, financial indicators showed notable shifts. After weeks of weakness, major U.S. stock indices rebounded. The NASDAQ recorded several days of gains despite still facing its weakest November since 2011. Much of this recovery was linked to renewed expectations that the U.S. Federal Reserve could cut interest rates in December by 25 basis points, with market probability rising from 30% last week to nearly 87%.

This shift also lifted gold and Bitcoin, both of which strengthened as investor sentiment improved. Analysts noted that Bitcoin holding support near 80,000 signaled stronger fund flows heading into December.

Overall, Gopal says the week reflected a renewed sense of optimism as markets reacted to improved demand, supportive expectations for interest rates, and stronger movement across several major commodity sectors.

For daily information and updates on agriculture commodity marketing and price risk management for North American farmers, producers, and agribusiness visit things; Farms.com Risk Management Website to subscribe to the program.

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