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September 6, 2011
In the News
Call for entries... Agri Marketing's "Product of the Year" and "NEW Product of the Year." For more info, click: here. Deadline is this Friday! |
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.02 ¼ | 7.50 ¼ | 4.33 |
| Soybeans | +.21 ¼ | 14.36 | 10.07 ½ |
| Wheat | -.32 ¼ | 7.30 | 6.80 ¾ |
| Cattle | +.50 | 114.80 | 98.45 |
| Hogs | -1.30 | 85.80 | 76.43 |
| Cotton | +2.67 | 106.59 | 90.87 |
| Milk | +.44 | 19.06 | 15.65 |
| Crude Oil | +1.08 | 86.45 | 75.02 |
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Comments: Grain and soybean futures had a mixed week as support from growing concerns about U.S. crop output was offset by pressure from month-end position evening and speculative profit taking. Weakening cash market prices and increasing corn and soybean harvest activity also limited buying interest. A stronger dollar was a negative market factor and macroeconomic concerns reemerged following a weak U.S. employment report on Friday. Corn and soybean price action may be extremely choppy ahead of the U.S. Crop Report due out Sept. 12. Wheat futures posted a bearish reversal last week under pressure from sluggish U.S. export sales, but the southern Plains drought may limit the downside for wheat prices. Livestock futures were mixed again last week with live cattle futures supported by expectations for seasonal strength in cash cattle markets this fall. Lean hog futures, however, fell further amid a rapid seasonal drop in cash hog and wholesale pork prices. Front-end cotton futures strengthened as concerns about poor U.S. crop conditions outweighed pressure from the stronger dollar and weak export demand.
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