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September 8, 2009
In the News
Updates on ag/rural broadcasting and market research will run in the next issue. For more info, contact Judy Knoll at 636/728-1428 x2002; 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 | -.20 1/2 | 3.00 ½ | 5.49 ¼ |
| Soybeans | -1.74 ¾ | 9.61 | 12.34 |
| Wheat | -.23 | 4.44 | 7.55 ¼ |
| Cattle | -.05 | 86.65 | 103.30 |
| Hogs | +2.92 | 50.50 | 69.03 |
| Cotton | +1.23 | 57.53 | 65.98 |
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Comments: Grain and soybean futures tumbled last week, with soybeans leading the way lower on favorable Midwest weather and bearish private crop forecasts. Several forecasts showed U.S. corn production topping 13 billion bushels and the soybean crop surpassing 3.3 billion bushels. Nearby Sep. soybeans collapsed as end users abandoned the spot cash market in anticipation of large new-crop supplies as the southern harvest got rolling. Wheat prices followed corn and soybeans lower amid a lack of supportive fundamental news. Lean hog futures rallied strongly on firmer-than-expected cash hog prices and technically driven short covering, while live cattle futures recovered early week losses on expectations for tight cattle supplies to boost cash markets. Cotton futures rebounded on technically driven short covering and better export demand. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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