Agri Marketing Update Email Newsletter Email not displaying correctly? Click Here

July 6, 2010

In the News

Be sure to register for the National Agri-Marketing Association's (NAMA) annual Boot Camp. For more info, go to www.nama.org





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn +.23 ½ 3.64 3.45 ¾
Soybeans +.05 ¾ 9.62 ¾ 12.43
Wheat +27 ¾ 4.84 5.00 ¼
Cattle +0.13 89.48 84.88
Hogs -2.55 78.20 59.98
Cotton -3.08 81.64 65.42
Milk +.06 13.51 10.52
Crude Oil -6.72 72.14 66.26
Comments: Corn futures reversed direction sharply after Wednesday's USDA reports pegged both 2010 corn plantings and June 1 corn stocks below trade expectations. The June 1 stocks figure was the real shocker as it came in 300 million bushels below the average of trade expectations. Wheat futures rallied sharply even though the USDA reports held bad news for the market. Concerns about a heat wave across Western Europe and Russia combined with the strength in corn prices triggered heavy fund short covering in the wheat market. Soybean futures were supported by tight old-crop stocks and the surge in grain prices, but new crop prices lost ground on improving crop conditions. Livestock futures were pressured by economic concerns amid sharp losses in U.S. stock markets, but live cattle futures held firm on talk of a cash market bottom. Cotton futures plunged on a higher-than-expected USDA estimate of 2010 plantings and economic concerns. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

Copyright © 2025 Agri Marketing, All rights reserved.

Our mailing address is:
PO Box 396, Adel, IA 50003

Archived Issues