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April 6, 2009
In the News
The next issue of Agri Marketing will feature a Focus Report on Marketing Research and its annual review of Marketing Communications Agencies. To schedule your organization's adv space, contact Judy Knoll at 636/728-1428 ext 2002; 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 | + .17 ½ | 4.04 ½ | 6.00 |
Soybeans | +.78 ½ | 9.95 ½ | 12.57 |
Wheat | +.56 | 5.63 ½ | 9.37 |
Cattle | +1.72 | 86.05 | 87.70 |
Hogs | -.20 | 60.28 | 57.63 |
Cotton | +4.26 | 47.60 | 70.41 |
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Comments: All the agricultural futures markets were buoyed last week by improving investor sentiment toward the general economy as stock markets gained further ground. Soybean futures led the way higher on found strong fundamental support from bullish USDA planting intentions and March 1 stocks data. Corn futures gains were limited by ample old-crop corn stocks, while wheat prices found fundamental support from continued wet weather in the U.S. spring wheat belt and a cold snap across winter wheat areas. Live cattle futures found fundamental support from stronger Plains cash markets and modest beef price gains. Most hog futures were boosted by improved investor sentiment, but the nearby April contract was pressured by its premium to cash. Cotton futures surged sharply on fund buying spurred largely by a weak U.S. dollar. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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