The next issue of Agri Marketing magazine will include the Best of NAMA winners. To schedule your organization's ad, contact Judy Knoll at 636/728-1428 ext 2002; e-mail: JudyK@AgriMarketing.com
Comments: Grain and soybean futures continued to lose ground last week under pressure from ample U.S. feed grain supplies, big South American crops and fading export demand for U.S. soybeans. Larger-than-expected USDA estimates of U.S. corn and wheat ending stocks were behind much of the pressure on grain prices. Soybean prices got a temporary boost from a lower USDA carryout estimate, but quickly turned lower again after Thursday's weekly export sales confirmed Chinese cancellations of U.S. soybean cargos. Cattle futures rebounded strongly on continued commodity fund buying and tight market-ready cattle supplies. Lean hog futures, however, were pressured lower by weaker pork prices and negative packer operating margins. Speculative profit taking spurred by overbought market conditions pressured cotton futures. Click on the Brock logo or call 1-800-558-3431 for more info on our services.
