The March issue of Agri Marketing will feature Focus Reports on the Rural Lifestyle Market and Dairy producers. To schedule your organization's ad, contact Judy Knoll at 636/728-1428 ext 2002; JudyK@AgriMarketing.com
Comments: The wheat market was the star of the grain/soybean futures complex last week, soaring on support from panic buying out of North Africa and the Middle East in the wake of the overthrow of Tunisia's president and food riots in Algeria earlier in the month. Forecasts calling for continued dry weather in the U.S. HRW wheat belt and a weak dollar also boosted wheat prices. Corn futures followed wheat higher with help from ongoing concerns about tight U.S. supplies, while soybean futures set back a bit as favorable rains in Argentina spurred profit taking on long positions. Soybean losses were limited by news of major U.S. export deals with China. Livestock markets were mixed with live cattle slipping under pressure from weaker Plains cash markets and speculative profit taking. Lean hog futures, however, rose on expectations for tightening hog supplies and strong pork export demand. Cotton futures rocketed higher on fresh speculative buying spurred by the weak dollar, tight world supplies and strong Chinese demand.
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