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February 22, 2011
In the News
Be sure to reserve your organization's exhibit space at NAMA's 2011 Agri-Marketing Conference. For more information, contact Audrey Evans at 636/728-1428 ext 2003; AudreyE@AgriMarketing.com
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.03 ¼ | 7.09 ¾ | 3.57 ¼ |
| Soybeans | -.48 | 13.68 | 9.48 |
| Wheat | -.44 ¾ | 8.22 ¼ | 4.85 |
| Cattle | +3.27 | 111.05 | 92.18 |
| Hogs | -.10 | 92.28 | 70.28 |
| Cotton | +7.05 | 197.02 | 76.97 |
| Milk | unch | 16.99 | 14.18 |
| Crude Oil | +.62 | 86.22 | 79.06 |
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Comments: Corn futures were pressured by a higher-than-expected USDA projection for 2011 plantings last week, but held their ground on support from the extremely tight old-crop carryout forecast and strong export demand. The significant action was in the soybean and wheat futures, which suffered large losses under pressure from fund liquidation spurred by demand concerns and technical weakness. Brazilian soybean harvest activity, further Chinese monetary tightening and spreading unrest in the Middle East all helped make investors nervous about soybean and wheat demand. Livestock futures were mostly higher on the week with live cattle futures posting strong gains on sharply higher Plains cash trade and record feeder cattle prices. Lean hog futures again found support from strong U.S. pork exports, but cash price weakness pressured nearby April futures. Cotton futures had an incredible week with nearby Mar. futures soaring above $2.00 per pound on mill buying ahead of the Mar. delivery period and then reversing sharply on Friday on Chinese demand concerns.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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