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March 16, 2009
In the News
This is Ag Week! Celebrations are being held throughout the country. We salute those who are involved in the production, processing and marketing of the nation's food, feed, fiber and fuel supply.
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby Futures | Weekly Change | Friday's Close | Year Ago |
Corn | + .27 | 3.88 ¼ | 5.59 ¾ |
Soybeans | +.09 ½ | 8.76 ½ | 13.87 |
Wheat | -.08 ¾ | 5.18 ¼ | 12.34 |
Cattle | +2.20 | 84.65 | 89.55 |
Hogs | +.70 | 63.20 | 57.20 |
Cotton | +1.40 | 42.83 | 80.81 |
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Comments: A rebound in U.S. stock markets provided support across agricultural commodity markets last week along with stronger crude oil prices and a weaker U.S. dollar. Corn futures staged an upside breakout, finding added support from expectations for the ethanol blending cap to be hiked and uncertainty about 2009 acreage. Soybean futures found early support from USDA's bullish old-crop carryout estimate, but soybean gains were capped by expectations for large 2009 plantings. Wheat futures turned down following an unexpected jump in USDA's U.S. and world carryout estimates. Livestock futures were helped by stock market gains, which spurred hopes of an economic recovery, but hog futures strength was limited by lower cash markets. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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