Weekly Market Pulse
Week of June 1, 2026
The following market indicators provide a quick overview of economic and commodity trends influencing agriculture, equipment purchasing decisions and manufacturing costs across the shortline industry.
Corn: Corn futures traded around $4.40-$4.50/bu this week as favorable weather and strong crop condition ratings continued to pressure prices. Markets remain focused on summer weather forecasts that could influence yield potential.
Soybeans: Soybean futures held near $11.65-$11.75/bu, supported by steady export demand and biofuel-related consumption. Traders continue monitoring U.S. growing conditions and South American production outlooks.
Wheat: Chicago wheat futures eased toward $6.00/bu as improved moisture conditions in key growing regions reduced some supply concerns. Global production prospects remain an important market driver.
Cattle: Live cattle futures remained historically strong near $2.40/lb, supporting profitability for many livestock producers and helping sustain demand for feeding, hay and livestock-handling equipment.
Steel: Hot-rolled coil steel prices remained near $850-$900/ton this week, relatively stable compared to recent years. Manufacturers continue monitoring raw material costs and potential trade policy developments that could affect steel and component pricing.
Diesel: Ultra-low sulfur diesel prices remained near $3.50-$3.60/gallon, providing modest relief for transportation, field operations and equipment delivery costs.
Fertilizer: Urea fertilizer prices remained near $550-$575/ton, still elevated compared to historical averages. Input costs continue to influence grower spending decisions and equipment purchasing plans heading into the second half of the year.
Interest Rates & Equipment Purchases: Financing costs remain a consideration for many producers despite expectations that interest rates could gradually ease later this year. Higher borrowing costs continue to impact machinery replacement cycles and capital spending plans.
Equipment Market: Industry analysts continue to report stronger demand for repair parts, retrofit solutions and productivity-enhancing upgrades as many growers focus on maximizing existing equipment investments.
Trade Policy Watch: Equipment manufacturers continue monitoring tariff and trade policy developments that could affect steel, components and imported machinery costs. Any significant policy changes may influence manufacturing expenses and equipment pricing during the second half of the year.
Sources: USDA, CME Group, Trading Economics and industry market reports.