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April 26, 2010

In the News

Congratulations to the NAMA staff, officers and volunteers for an outstanding convention last week!





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn -.11 3.53 3.81
Soybeans +.14 ¾ 10.00 10.37 ¾
Wheat +.02 ¾ 4.93 ¼ 5.29 ¼
Cattle +.48 99.23 87.75
Hogs -0.97 85.18 71.88
Cotton +4.25 84.26 51.00
Milk +.12 12.97 11.28
Crude Oil +.45 85.12 49.62
Comments: Most agricultural commodity markets gained ground last week as favorable economic data and strong U.S. stock markets spurred broad-based investor buying despite a stronger dollar. Soybean futures also continued to find fundamental support from signs of strong demand and tight U.S. old-crop stocks. Corn futures, however, lost ground under pressure as rapid U.S. planting progress spurred ideas of another record crop. Wheat futures continued to be supported by commodity fund short covering, while favorable winter wheat conditions limited gains. Live cattle futures were boosted by firm cash cattle and wholesale beef markets. Lean hog futures were strong most of the week on support from surging pork prices, but collapsed on Friday as speculative profit taking triggered technical selling. Cotton futures surged as India's halt of raw cotton exports triggered hopes for stronger U.S. sales to China. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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