|
|
|
|
|
|
December 8, 2008
In the News
Be sure to register and listen in to next Monday's "The New Realities of the Ag Economy" webinar. It is free for agri-marketers...see details below.
|
|
|
|
|
|
 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | - .56 | 2.93 ½ | 3.94 |
| Soybeans | - .99 ½ | 7.83 ½ | 10.99 ½ |
| Wheat | - .84 ¾ | 4.57 ¾ | 8.63 ¾ |
| Cattle | - 5.83 | 81.55 | 93.73 |
| Hogs | - 2.05 | 57.45 | 55.38 |
| Cotton | - 6.42 | 39.33 | 58.10 |
|  |
Comments: Grain and soybean were hammered to new long-term lows last week by a combination of technical selling and more negative economic news. Crude oil futures continued to lead the grains and other commodities lower, falling to four-year lows. Corn prices remained under pressure from slow export demand and troubles in the ethanol industry. Improved crop conditions in South America put fundamental pressure on soybean futures, while the wheat market felt pressure from a larger Canadian crop estimate. Live cattle futures were crushed to 2-1/2 year lows by technical selling and demand concerns spurred by sharply lower beef prices and a bearish U.S. employment report. Live hog futures also felt pressure from general economic news and technical selling, but found some support from rising pork prices. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
|
