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February 1, 2010
In the News
The March issue of Agri Marketing magazine will include focus reports on the Rural Lifestyle consumer and Dairy producers. To schedule your ad, 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 | -.08 ¼ | 3.56 ½ | 3.79 |
Soybeans | -.37 ½ | 9.14 | 9.70 ½ |
Wheat | -.24 ½ | 4.74 | 5.78 |
Cattle | -.83 | 85.80 | 81.10 |
Hogs | -3.35 | 65.50 | 57.00 |
Cotton | -2.04 | 69.03 | 50.07 |
Milk | +.03 | 14.51 | 10.83 |
Crude Oil | -1.65 | 72.89 | 41.44 |
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Comments: Agricultural futures remained under pressure last week from broad-based speculative selling spurred by concerns about the world economy and a stronger dollar. Chinese moves to restrict bank lending and European financial problems continued to make traders nervous. Soybean futures also remained under heavy pressure from prospects for a record South American crop and talk of Chinese buyers cancelling previous purchases of U.S. soybeans. Corn and wheat futures, meanwhile, remained under strong fundamental pressure from ample supplies. Livestock futures slid further on weakening cash market fundamentals and economic concerns, with lean hog futures down sharply as the composite pork cutout value plunge $8.02 per cwt. on the week. Cotton futures continued to decline under pressure from the strong dollar, concerns about Chinese demand and technical selling. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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