---
title: 6/5/26 Weekly Market Recap — Texas Hedge
description: "Corn : Down significantly for the week. July futures hit new contract lows, closing at $4.17 ½ . Prices fell back toward January/February levels amid rumors of a large U.S. crop and technical selling. New crop December followed lower and closed at $4.46 ¾ .   Soybeans : Also down hard. July contract"
---

[TXRM Blog](https://blog.texashedgerisk.com/txrm-blog)

# [6/5/26 Weekly Market Recap — Texas Hedge](https://blog.texashedgerisk.com/txrm-blog/blog/6526-weekly-market-recap)

 Written by [Brynna Haschke](https://blog.texashedgerisk.com/txrm-blog/author/brynna-haschke) | Jun 5, 2026, 5:00:00 AM

**Corn**: Down significantly for the week. July futures hit new contract lows, closing at $4.17 ½ . Prices fell back toward January/February levels amid rumors of a large U.S. crop and technical selling. New crop December followed lower and closed at $4.46 ¾ .

**Soybeans**: Also down hard. July contracts traded lower, closing at $11.21 ½ losing upward momentum from the beginning of May. The new crop November contract closed at $11.39.

**Wheat**: Notably weaker, with multiple sessions of declines closing the Chicago July at $5.80 and the KC at $6.20 ¾ . Overall pressure from harvest and supply outlooks kept it down. The new crop December contract for KC Wheat closed at $6.46 ¾ and Chicago Wheat at $6.11 ¼  .

**Cotton**: Also had some significant drops with the July contract closing at $73.75.

**Crude oil:** Volatile but ended the week higher overall amid continued Middle East tensions closing at $90.25.

**Live cattle:** Mixed week with some selling pressure early on but rallied strongly on Thursday. Cash traded firm. The August contract closed the week at $241.65.

**Feeder cattle:** Volatile but climbed on Thursday, posting limit-up gains after USDA confirmed a New World Screwworm case in Texas. Price reacted to the news, sparking short covering and buying interest. It closed at $353.90.

**S&P 500**: Started the week strong in a solid longer-term uptrend but started to fall off mid-week amid oil swings and sector rotation. Feeling the most pressure on Friday after fears of rate increases creeped in, it closed at 7368.

[View full post](https://blog.texashedgerisk.com/txrm-blog/blog/6526-weekly-market-recap)

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