Forms to update your organization's listing in the annual Agri Marketing Services Guide were distributed last week. If you did not receive your group's form...please contact Judy Knoll at JudyK@AgriMarketing.com
Weekly Comments: Concerns about the health of the world economy continued
to weigh on all commodity markets last week. Grain and soybean futures were pressured much of the week by further fund long
liquidation tied to crude oil price weakness and dollar strength. However,
corn and soybeans rallied on Friday in reaction to lower-than-expected USDA
crop estimates and a sharp correction by the overbought dollar. The wheat
market continued to slump under pressure from fund liquidation and large
world supplies as USDA raised its already-record world wheat crop estimate
further. Livestock futures were pressured by demand
concerns spurred by economic weakness and the stronger dollar. Lean hog
futures felt added pressure from seasonal increases in hog supplies. Live
cattle futures losses were limited by tightening market-ready cattle supplies
and a firm wholesale beef market.Cotton futures continued to plunge under pressure from weakness in
outside markets, demand concerns and a larger-than-expected USDA crop
estimate.
