If your organization provides products/services to agri-marketers, be sure to advertise them in the annual Agri Marketing Services Guide. For more info, contact Judy Knoll at 636-728-1428 x2002...JudyK@AgriMarketing.com
Comments: Grain and soybean futures had an up-and-down week last week. Prices surged Monday and Tuesday on active commodity fund buying to start the new month, but then came under heavy pressure from increasing corn and soybean harvest activity and Friday's bearish U.S. employment report. Soybean futures felt the brunt of the harvest pressure as producer sales in cash markets picked up significantly. Slow export demand also weighed on corn and wheat futures. Live cattle futures retreated amid ideas cash markets were at a seasonal top and concerns high unemployment would prevent a recovery in beef demand. Lean hog futures were pressured by speculative profit taking spurred by their premium to cash and overbought market conditions. Cotton futures also set back on profit taking, but losses were limited by expectations for USDA to lower the U.S. crop size. Click on the Brock logo or call 1-800-558-3431 for more info on our services.
