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July 13, 2009

In the News

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presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn + ¼ 3.45 ½ 6.75 ¼
Soybeans -1.14 ¾ 11.28 ¼ 16.09 ½
Wheat -.08 ½ 4.91 ¾ 8.06 ½
Cattle -1.02 83.48 102.05
Hogs +1.15 60.15 73.95
Cotton +1.39 60.39 70.61
Comments: Soybean futures collapsed last week under pressure from heavy fund long liquidation as old-crop demand dried up and favorable Midwest weather continued to point to a large new crop. Oversold conditions limited further selling in corn futures, but the market could not rebound in the face of soybean losses and favorable growing weather. Friday's USDA supply/demand report also confirmed ample U.S. corn stocks as USDA raised its 2009-10 carryout projection by more than 42% to 1.550 billion bushels. Wheat futures remained under pressure from winter wheat harvest and ample supplies as USDA raised its U.S. wheat carryout estimate by 9% to 706 million bushels. Live cattle futures retreated under pressure from weaker Plains cash markets, while lean hog futures found support from tight hog supplies and technical buying. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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