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November 17, 2008
In the News
Reservations for advertising in the annual AgriMarketing Services Guide close soon! For more information, contact Judy Knoll at 636/728-1428 ext 2002; e-mail: JudyK@AgriMarketing.com
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.04 ¾ | 3.80 ¼ | 3.83 |
| Soybeans | - .48 | 8.96 | 10.66 |
| Wheat | +.33 ¼ | 5.54 ¼ | 7.52 |
| Cattle | - 2.75 | 90.05 | 95.75 |
| Hogs | +.18 | 55.58 | 52.95 |
| Cotton | - 1.04 | 41.03 | 63.15 |
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Comments: Grain and soybean futures last week remained under pressure from concerns about a worldwide recession as stock markets and crude oil prices continued to slide. However, the grains found support from seasonal cash market strength and technically driven speculative short covering, with wheat futures leading a modest rally. Soybean prices found further support from strong Chinese buying, but there were signs of that demand slowing. Slow export demand remained a negative factor in the corn and wheat markets. Live cattle futures came under renewed pressure from fears of eroding beef demand even though beef cutout values showed further strength. Lean hog futures held firm in anticipation of seasonal strength in cash prices. The cotton market continued to be pummeled by economic concerns. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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