Be sure to attend the upcoming NAMA Conference & Trade Show. Go to www.nama.org. Exhibit space is still available. For more information contact Judy Knoll at 636/728-1428 ext 2002; JudyK@AgriMarketing.com
Comments: Grain and soybean futures wound up little changed after a choppy week of trading as support from further technical short covering and strong crude oil prices was offset by pressure from bearish market fundamentals and a firm dollar. Strong South American corn and soybean crop prospects remained a bearish market factor along expectations for large U.S. corn and soybean plantings this spring. Ample U.S. feed grain supplies also kept pressure on corn prices. Wheat futures remained under pressure from ample supplies and strong export market competition. Live cattle futures continued to surge in line with Plains cash markets amid poor feedlot conditions and strengthening beef prices. Lean hog futures found further support from firm pork prices and lighter-than-expected hog marketings. Front-end cotton futures jumped again on support from speculative short covering spurred by a small U.S. carryout and strong export demand. Click on the Brock logo or call 1-800-558-3431 for more info on our services.
