|
|
|
|
|
|
April 30, 2007
In the News
The June issue of AgriMarketing will feature Focus Reports on FARM BROADCASTING, DIRECT/RELATIONSHIP MARKETING, and marketing to PORK producers. To schedule your organization's adv, contact Judy Knoll at JudyK@AgriMarketing.com; or call 636/728-1428 ext 2002
|
|
|
|
|
|
|
Weekly Commodity
Highlights
|
|
Courtesy of
Brock Associates
www.brockreport.com
|
|
Nearby Futures
|
Weekly Change
|
Friday’s
Close
|
Year
Ago
|
|
Corn
|
+3 ¾
|
3.64 ¼
|
2.31 ¼
|
|
Soybeans
|
- ¼
|
7.23
|
5.75 ¼
|
|
Wheat
|
-1 ½
|
5.00 ½
|
3.42 ½
|
|
Cattle
|
+1.57
|
97.20
|
78.83
|
|
Hogs
|
-2.13
|
74.45
|
66.23
|
|
Cotton
|
-1.74
|
47.90
|
49.10
|
|
Weekly Comments: Corn futures trade turned extremely volatile amid
continued uncertainty about planting conditions. The market rallied up to
overhead chart resistance, but ended the week back near recent lows as
weather forecasts cleared up. Wheat futures surged to new highs again on
further concerns about crop production in the U.S., Europe and Australia, but the rally ran out of steam at
midweek amid indications the market was overbought. Soybean futures made new
lows on Tuesday, but then found support from improved forecasts for corn
planting, which eased
concerns about acreage shifting.
|
|
|
|
|
|
|
|
|
|
|
