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May 11, 2009
In the News
The next issue of Agri Marketing will feature its annual listing of Ag/Rural Shows and Conventions...plus a special Supplement about the upcoming Ag Media Summit. For more information, 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 | +.07 ¾ | 4.14 | 6.18 ¾ |
| Soybeans | +.17 | 11.19 | 12.98 ¼ |
| Wheat | +.23 ½ | 5.80 ½ | 8.09 |
| Cattle | +.88 | 82.98 | 94.53 |
| Hogs | +2.65 | 61.13 | 79.38 |
| Cotton | +2.65 | 59.85 | 70.85 |
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Comments: Grain and soybean futures extended gains as strong stock markets, rising crude oil prices and a weak dollar spurred more fund buying. Soybean futures continued to find strong fundamental support from tight U.S. stocks and Argentine crop losses. Corn futures found fundamental support from the lack of planting progress in the eastern Corn Belt, while wheat futures were boosted by spring wheat planting delays and position evening ahead of USDA's first 2009 winter wheat crop report. Livestock futures rebounded as funds covered short positions due to easing H1N1 flu fears and strong outside markets. Hog futures were supported by a cash market recovery, while cattle futures rose in the face of weaker cash prices. Cotton futures continued to attract investment strong fund buying despite overbought conditions. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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