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May 10, 2010
In the News
The June issue of Agri Marketing will include Focus Reports on Direct/Relationship Marketing and selling to pork producers. To schedule your ad, contact Judy Knoll at 636/728-1428 ext 2002; 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 | -.01 ½ | 3.63 ¾ | 4.04 ¾ |
Soybeans | -.38 ¼ | 9.51 ¼ | 11.19 |
Wheat | +.08 ¾ | 5.00 ½ | 5.59 |
Cattle | +1.67 | 95.90 | 82.03 |
Hogs | -.80 | 85.53 | 66.78 |
Cotton | -3.42 | 80.71 | 58.88 |
Milk | -.14 | 13.24 | 9.81 |
Crude Oil | -11.04 | 75.11 | 56.71 |
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Comments: Grain and soybean prices came under pressure last week amid the panic in financial markets over Greece's debt problems. A surging dollar spurred concerns about U.S. agricultural export prospects. Soybean futures were also pressured by fading export demand for U.S. soybeans, technical weakness and strong U.S. crop prospects. However, sharp losses in world stock markets pushed some investor money into grain futures, limiting the damage. Corn futures held firm on technical buying, continued speculation about Chinese demand and worries about a weekend cold snap. Wheat futures were supported by frost concerns and technical short covering. Livestock futures had a volatile week amid the wild action in financial markets. In the end, live cattle futures rose on support from their discount to firm Plains cash markets, while lean hog futures edged lower on the strong dollar and signs cash hog prices may be topping. Cotton futures were hit hard by the strong dollar and fears of a double-dip world recession. Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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