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

July 11, 2011

In the News

Available in August...the new text book: ProSelling by Purdue Drs. Scott Downey, Dave Downey, Laura Downey and Adayana's Mike Jackson. For more information, including a pre-press discount, click here.





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn +.31 ½ 6.72 ¼ 3.77 ½
Soybeans +.29 ¾ 13.52 10.12 ½
Wheat +.66 6.50 ½ 5.34
Cattle +1.80 114.65 90.90
Hogs +.38 95.88 78.88
Cotton -5.00 111.58 77.29
Milk +.35 21.00 13.56
Crude Oil +1.26 96.20 75.44
Comments: Grain and soybean futures rebounded last week with the corn market finding support from short covering spurred by Chinese buying of U.S. corn and concerns about hotter, drier weather moving into the U.S. Midwest. The corn futures recovery was technically weak, though, as it came on the lowest trading volume since last December. Soybean futures were supported by weather concerns as well as by lower-than-expected U.S. acreage. Speculative profit taking spurred by oversold market conditions and fresh export business boosted wheat futures, but the return of Russia to the export market limited wheat price strength. Livestock futures were boosted by optimism about strong export demand for U.S. pork and beef. Live cattle futures also found support from higher Plains cash trade and expectations for cattle supplies to tighten significantly in coming months, but hog futures gains were limited by weaker cash markets. Cotton futures were pressured by renewed concerns about Chinese demand following China's third interest rate hike of 2011. 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