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

October 10, 2011

In the News

Be sure to register for the upcoming NAMA and NAFB events in Kansas City.





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn +.07 ½ 6.00 4.98 ¼
Soybeans -.20 ¾ 11.58 ¼ 10.65
Wheat -.01 ¾ 6.07 ½ 6.59 ¼
Cattle -.17 122.98 95.13
Hogs +1.30 94.68 74.53
Cotton +1.78 101.98 103.75
Milk +.59 18.03 16.70
Crude Oil +3.78 82.98 81.67
Comments: Grain futures remained under pressure last week from commodity fund liquidation of long positions and U.S. harvest pressure, but the downward momentum slowed. Oversold market conditions and weakness in the value of the dollar spurred by hopes the European debt crisis would be contained spurred profit taking on short positions. Signs of an increase in end-user demand also helped firm up the corn market. Harvest lows for corn and soybean futures may not be far off, but USDA crop production and supply/demand estimates due out Oct. 12 will help set the price tone going forward and the situation in Europe remains tenuous. Live cattle futures ended the week little changed after coming under some pressure from speculative profit taking. Indications of tightening cattle supplies remained strongly supportive for prices. Lean hog futures continued to rally on support from stronger-than-expected cash markets as export demand for U.S. pork from China continued to help offset pressure from seasonal increases in hog supplies. Cotton futures firmed after finding support from commercial buying and the weaker dollar. 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