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August 22, 2011
In the News
The next issue of Agri Marketing will include an update on the Rural Lifestyle Consumer and marketing to fruit and vegetable producers. For more info, contact Audrey Evans at 636/728-1428 x2003; 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 | +.09 ¼ | 7.11 | 4.14 ¼ |
| Soybeans | +.32 | 13.59 ¾ | 10.16 ¾ |
| Wheat | +.28 ¼ | 7.30 ¾ | 6.81 ¼ |
| Cattle | -3.60 | 114.30 | 99.18 |
| Hogs | -1.10 | 88.38 | 77.85 |
| Cotton | +6.04 | 106.76 | 87.98 |
| Milk | -.08 | 21.48 | 15.09 |
| Crude Oil | -3.12 | 82.26 | 74.43 |
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Comments: Grain and soybean futures rose in the face of renewed macroeconomic concerns last week as supply worries continued to heat up in the wake of
USDA's lower-than-expected corn and soybean production estimates. A continued absence of rain in some key Midwest growing areas spurred concerns USDA's estimates could shrink further,
however, corn gains were limited by slowing demand. Wheat futures continued to surge on spring wheat harvest delays, concerns the drought in the southern Plains may slash HRW wheat
seedings this fall and fears more wheat acres would be lost to corn. Livestock futures were hit by fresh demand concerns amid renewed weakness in U.S. stock markets and weak economic
growth forecasts, but lean hog futures were supported by their discount to cash. Live cattle futures felt added pressure from expectations for USDA to report record high July feedlot
placements due to the drought in the southern Plains. Those expectations were confirmed and fed cattle supplies should be ample into early 2012. Cotton futures rallied strongly as
supply concerns overshadowed economic worries with the trade growing more skeptical of USDA's cotton crop estimate.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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