The Ag Media Summit will be held this year Saturday, July 28 thru Wednesday, August 1, at the Louisville, KY, downtown Marriott. To register, go to: www.agmediasummit.com
Weekly Comments: Wheat futures rocketed to the upside the first three
days of the week on surging concerns about tight world supplies spurred by the
return of heavy rains to the U.S. HRW wheat belt and continued drought in Ukraine and Russia. Corn futures broke out to the
upside on increasing concerns about dryness in the eastern Corn Belt and the breakout by wheat futures.
Soybean futures also posted solid
gains for the week on weather and acreage concerns despite some midweek
profit taking. Cotton futures broke out to strong gains on signs of lower U.S. acreage and ongoing drought in the
Delta/Southeast. Lean hog futures got a solid boost from seasonal strength in
wholesale pork prices.
