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April 9, 2007
In the News
Packing for the NAMA convention that is being held this week in Dallas? Forecast is for beautiful week of weather...highs in the mid 70s to low 80s...less than 25% chance of precipitation!
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Weekly Commodity
Highlights
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Courtesy of
Brock Associates
www.brockreport.com
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Nearby Futures
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Weekly Change
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Friday’s
Close
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Year
Ago
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Corn
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-8 ½
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3.66
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2.36 ¼
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Soybeans
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-¾
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7.60 ½
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5.61 ½
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Wheat
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+20 ½
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4.58 ½
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3.47
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Cattle
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+2.85
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100.45
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78.90
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Hogs
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+1.33
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65.18
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55.65
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Cotton
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-.66
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52.91
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53.96
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Weekly Comments: Grain futures started the week under further pressure
from USDA’s big corn planting intentions estimate, but turned higher as weather
concerns became an issue. Rising potential for planting delays supported corn
futures, while fears of winterkill damage sent wheat futures sharply higher
on Thursday amid forecasts for freezing temperatures as far south as the
Texas Panhandle and the Mississippi Delta region. Soybean prices chopped
sideways amid ideas weather and lower corn prices could boost soybean
plantings. Live cattle futures rallied sharply following unexpectedly strong
cash trade in Plains direct markets.
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