Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.36 | 3.98 ½ | 7.03 |
| Soybeans | -.70 | 11.75 ½ | 14.89 ½ |
| Wheat | -.30 | 5.54 ¾ | 8.42 |
| Cattle | +.05 | 80.55 | 94.83 |
| Hogs | +.30 | 60.10 | 73.48 |
| Cotton | -4.60 | 51.80 | 67.31 |
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Comments: It was an extremely negative week for the farm commodity markets, with corn and soybeans futures giving strong technical sell signals. The financial, currency and energy markets continue to have a major impact on these markets. The value of the U.S. dollar has firmed up over the past week, which is perceived as negative for commodity prices in general. As a result, crude oil futures have turned sharply lower. Midwestern weather has also become a bearish factor. The outlook for this week is hotter and drier. Normally that would be a bullish late-June forecast, but because this year's crop has more than enough soil moisture to work with, it's considered a negative for corn and soybean prices. The wheat harvest is now rolling, adding pressure to an oversupplied market. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
