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October 5, 2009
In the News
The next issue of Agri Marketing will feature special focus reports on Marketing to Beef Producers and Direct/Relationship Marketing. To reserve your organization's ad, 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 | -1/2 | 3.33 ½ | 4.54 |
| Soybeans | -.41 | 8.85 | 10.04 |
| Wheat | -.08 ½ | 4.41 ¼ | 6.36 |
| Cattle | -3.10 | 82.95 | 95.70 |
| Hogs | -.70 | 49.25 | 65.95 |
| Cotton | -1.34 | 59.26 | 56.69 |
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Comments: Soybean futures crumbled last week with the nearby contract falling to a 6-month-plus low on Friday under increasing pressure from reports of better-than-expected yields and bearish action in outside markets. Wednesday's Larger-than-expected Sept. 1 soybean stocks number also weighed on prices. Corn futures spent most of the week trading higher on support from slow harvest progress and concerns about crop quality before selling off on Friday under pressure from bearish private crop estimates. Wheat futures lost more ground as Tuesday's USDA reports pointed to a substantial increase in projected U.S. ending stocks. Livestock futures were pressured by weakening cash market fundamentals and higher-than-expected U.S. unemployment. Cotton futures were pressured by a rebound in the U.S. dollar. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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