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August 17, 2009
In the News
Nominations for Agri Marketing's 2009 "Product of the Year" are now open. For more information, see: http://www.agrimarketing.com/prodyearentry.pdf
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.02 ¾ | 3.19 ¼ | 5.57 ¾ |
| Soybeans | -.66 | 10.24 ½ | 12.65 ¼ |
| Wheat | -.07 ¾ | 4.81 ¾ | 8.64 ½ |
| Cattle | +.80 | 84.65 | 103.35 |
| Hogs | -.25 | 44.65 | 76.08 |
| Cotton | -1.32 | 59.21 | 67.09 |
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Comments: Agricultural commodities ended last week on the defensive as weak consumer confidence data and a lack of evidence of inflation sparked active fund selling on Friday, Soybean futures charted a weekly reversal under pressure from favorable crop weather and easing old-crop supply concerns even though USDA lowered its 2009 crop estimate more than expected. Corn futures were pressured by a big USDA crop estimate and the downturn in soybean prices, but found support from stronger-than-expected USDA demand projections for 2009-10. The wheat market remained under pressure from ample supplies as USDA raised its U.S. crop and ending stocks projections. Livestock futures were mixed in choppy trading with live cattle futures finding support from firmer cash prices. Lean hog futures remained under pressure from ample hog supplies and a lack of apparent herd liquidation but losses were limited by oversold market conditions. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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