The latest Market Talks covering Commodities. Published exclusively on Dow Jones Newswires throughout the day.

1526 ET - Pork cutout prices are among the only data that's still being published at normal times by the USDA during the government shutdown-- and this month pork cutout prices have been sliding. Since the start of the month, the pork carcass cutout has shed roughly 7.6%, which has strongly influenced the movement seen in CME lean hog futures. The most-active hog contract fell 1.3% to 82.55 cents a pound. Live cattle futures set a new record high, climbing 0.4% to $2.4775 a pound. (kirk.maltais@wsj.com)

1524 ET - U.S. natural gas futures fall for a third day in a row as a weekly storage build lands in line with expectations, keeping inventories on track to start the winter at a surplus. Underground storage rose by 80 Bcf to 3,721 Bcf, or 154 Bcf above the five-year average, the EIA said. "What the morning EIA report also did was show the balance isn't any tighter week-over-week," NatGasWeather.com says in a note. "An oversupplied commodity and not cold enough weather patterns have been taking most of the blame" for the recent decline, the forecaster adds. Nymex natural gas settles down 2.6% at $2.938/mmBtu.(anthony.harrup@wsj.com)

1522 ET - Oil futures extend losses to three straight sessions, giving up gains made on President Trump's saying India will in time stop buying oil from Russia. India's foreign ministry said the country's policy remains one of broad-based energy sourcing and diversification, and that it's discussing deeper energy cooperation with the U.S.Market concerns with oversupply remain a weight on prices as the EIA reports a 3.5 million barrel weekly crude stock build amid a sharp drop in refinery runs. "Reports of a possible meeting between Trump and Putin likely added to late session selling, as did the potential negative impact of the ongoing U.S. government shutdown on petroleum demand," Ritterbusch says in a note. WTI settles down 1.4% at $57.46 a barrel, a more than five-month low. Brent falls 1.4% to $61.06 a barrel. (anthony.harrup@wsj.com)

1421 ET - Stellantis has offered assurances it remains committed to restarting an idled Canadian plant and the workers, Prime Minister Mark Carney says. Carney says he spoke with the global head of the automaker and was told the company is looking to identify a new model for the Brampton, Ontario plant, after it decided to make midsized Jeeps in Illinois instead of Ontario. Carney says Stellantis's decision on a vehicle for Brampton hangs on the a new trade deal between Canada and the U.S. being finalized. As well, the prime minister said his government was working with Stellantis, the union and the province of Ontario to ensure Brampton workers have the opportunity to move to a third shift being added to Stellantis's Windsor, Ontario, plant that would add 1,500 jobs and that they receive comparable support to what they now receive. (robb.stewart@wsj.com)

1359 ET - U.S. farmers are expected to plant less corn in 2026 than they did this year, this while increasing the amount of soybeans planted. In a note, S&P Global Commodity Insights says that they expect 2026 corn planting at 96 million acres, soybeans at 83 million acres, and total wheat at 44.4 million acres. For corn and wheat this would be a decrease from 2025's monstrous output -- with corn down by 2.7 million acres and wheat down 933,000 acres. Soybean acreage is expected to rise by 1.9 million acres in 2026. Most-active corn futures are up 1.3% in late trading, while soybeans climb 0.4% and wheat rises 0.8%. (kirk.maltais@wsj.com)

1350 ET - Retail prices for orange juice fell for the second straight month-the first time since late 2023 that Nielsen's data survey showed consecutive months of weaker prices. But while retail prices show some easing, they remain at unprecedented high levels. For the four weeks ended October 4, a gallon of orange juice was pegged at an average of $11.73--only 7 cents per gallon off from the all-time high reached two months ago. Volumes of OJ sold totaled 19.24 million gallons for the 4-week period. That's off 17,000 gallons from the previous reporting period. Frozen concentrate orange juice futures are up 0.3%, bringing them to $1.936 a pound - the lowest they've been in over 3 years. (kirk.maltais@wsj.com)

1257 ET - Oil futures relinquish early gains and are lower as U.S. crude stocks rise for a third consecutive week, while the market has its doubts that India will stop buying Russian oil soon. India's foreign ministry reiterates that the country pursues broad-based energy sourcing to secure domestic demand and stable prices, and adds that it has for years sought to procure more energy from the U.S. The EIA reported a 3.5 million barrel increase in commercial crude oil stocks, but declines in gasoline and diesel inventories. WTI is down 1% at $57.67 a barrel, and Brent is off 1.1% at $61.24. (anthony.harrup@wsj.com)

1226 ET - Cocoa futures climb on Thursday after cocoa grind volumes in Europe fell as anticipated in the third quarter. Futures in New York rose 3.4% to $6,006 a metric ton in evening trade, but remain down 48% year to date. The volume of beans processed for the production of chocolate and other confectionery fell 4.8% on year to 337,353 metric tons, according to a quarterly report from the European Cocoa Association. The data signals weaker demand as historically high prices have curbed consumption in one of the world's top chocolate-consuming regions. "The results were largely in line with market expectations," Rabobank's Carlos Mera says. "Given recent prior poor grinding data, the market perhaps viewed risks to their 3Q expectations as being skewed to the downside." (giulia.petroni@wsj.com)

1226 ET - Cocoa futures climb on Thursday after cocoa grind volumes in Europe fell as anticipated in the third quarter. Futures in New York rose 3.4% to $6,006 a metric ton in evening trade, but remain down 48% year to date. The volume of beans processed for the production of chocolate and other confectionery fell 4.8% on year to 337,353 metric tons, according to a quarterly report from the European Cocoa Association. The data signals weaker demand as historically high prices have curbed consumption in one of the world's top chocolate-consuming regions. "The results were largely in line with market expectations," Rabobank's Carlos Mera says. "Given recent prior poor grinding data, the market perhaps viewed risks to their 3Q expectations as being skewed to the downside." (giulia.petroni@wsj.com)

1211 ET - Gold and silver futures are again setting new records, as speculation builds over whether or not the Federal Reserve will again cut interest rates, how large such a cut might be, and what's next heading into 2026. The Fed's quantitative tightening program looks to be coming to an end, says John Caruso of RJO Futures in a note, adding its method of running off government bonds of less than a year is supporting precious metals prices. Gold futures are up 2.2% midday, nearly crossing the $4,300 per troy ounce threshold. Silver is up 3.9%, to $53.37 a troy ounce. (kirk.maltais@wsj.com)

1202 ET - The harvest of sugarcane and the production of sugar in the south-central region of Brazil is yielding more than seen last year, according to the latest data from Unica. In the second half of September, 40.9 million tons of sugarcane were harvested in the region, up 5.2% from the previous year. Sugar production totaled 3.1 million tons, up 10.8% from last year. Ethanol production is lower in the reporting period -- falling 1.5% to 2.2 billion liters. Sugar futures on the ICE are up 0.5% to 15.77 cents a pound. While higher, the most-active contract has been on the decline all year, according to FactSet data. Year-to-date, sugar has tumbled roughly 17%. (kirk.maltais@wsj.com)

1102 ET - U.S. natural gas futures turn higher as inventories increased roughly in line with seasonal norms. Gas in underground storage rose by 80 billion cubic feet in the week ended Oct. 10 to 3,721 Bcf, and was 154 Bcf or 4.3% above the five-year average for the time of year, the EIA reports. The injection was slightly below the 83 Bcf five-year average for the week, and just above the 78 Bcf estimate in a Wall Street Journal survey of analysts. Nymex natural gas is up 1.1% at $3.049/mmBtu. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

October 16, 2025 16:15 ET (20:15 GMT)

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