The April issue of Agri Marketing will contain the list of Best of NAMA winners and a focus report on Ag and Rural broadcasting. To schedule your ad, contact Audrey Evans at 636/728-1428 ext 2003; AudreyE@AgriMarketing.com
Comments:
Grain and soybean prices were hammered by long liquidation last week as growing uncertainty about the health of the world economy spurred investors to reduce their risk exposure. Friday's severe earthquake and tsunami in Japan added to investor concerns spurred by unrest in the Middle East and Chinese monetary tightening and European debt problems. Japan's status as a top agricultural importer also boosted concerns about demand for U.S. grains and soybeans. Soybean futures continued to feel pressure from a large South American harvest as well. Early week rains in the Plains HRW wheat belt eased crop worries in the wheat market. Live cattle futures surged on support from sharp gains in wholesale beef prices and Plains cash cattle markets which moved to record levels again. Lean hog futures were hit hard by concerns about Japanese demand on Friday. Japan is the top export market for U.S. pork. Cotton futures trade remained extremely volatile, with prices turning lower with the grains on economic concerns.
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