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July 12, 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
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.10 ¼ | 3.75 ¼ | 3.43 ½ |
| Soybeans | +.62 ¾ | 10.25 ½ | 11.10 ½ |
| Wheat | +.46 ¾ | 5.34 | 4.94 ¼ |
| Cattle | +0.72 | 90.20 | 83.48 |
| Hogs | +0.43 | 78.63 | 59.70 |
| Cotton | -1.31 | 76.84 | 59.11 |
| Milk | +.13 | 13.64 | 10.41 |
| Crude Oil | +3.95 | 76.09 | 60.41 |
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Comments: Grain and soybean futures surged last week on support from active commodity fund buying triggered by deteriorating crop ratings and technical strength, but gains in corn futures were limited by favorable pollination weather. Soybean futures led the way higher as they also found support from tight old-crop supplies and strong Chinese demand. Wheat futures found strong support from continued concerns about crop damage across western Europe and Russia, but gave back some ground on Friday after USDA pegged U.S. wheat production and ending stocks above expectations. Livestock futures were supported by strong U.S. stock market gains, which boosted hopes for a recovery in the general economy. Live cattle futures also found support from stronger-than-expected Plains cash trade. Cotton futures remained under pressure from larger U.S. acreage and favorable crop conditions.
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