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October 22, 2012
In the News
The annual Agri Marketing Services Guide listing forms have been distributed. If your organization hasn't received one yet, please contact Stephanie at msg@agrimarketing.com.
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby Futures | Weekly Change | Friday's Close | Year Ago |
Corn | +.08 ¾ | 7.61 ½ | 6.38 ½ |
Soybeans | +.11 ¾ | 15.34 ¼ | 12.25 |
Wheat | +15 ¾ | 8.72 ½ | 6.19 ½ |
Cattle | +2.40 | 126.30 | 121.40 |
Hogs | +1.25 | 79.63 | 90.08 |
Cotton | +5.52 | 76.88 | 99.72 |
Milk | -.10 | 21.04 | 17.92 |
Crude Oil | -1.81 | 90.05 | 86.11 |
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Comments: Grain and soybean futures edged higher last week in choppy trading before macroeconomic concerns resurfaced on Friday, capping gains, as U.S.
stock markets suffered their worst one-day declines in four months.
Soybean futures were buoyed by indications of stronger Chinese demand and South American weather uncertainty.
Wheat futures continued to find support from concerns world supplies are tightening with Ukraine indicating it would likely halt wheat exports by mid-November.
Corn prices remained supported by tight U.S.
and world supplies, but again were squeezed by demand concerns as U.S.
export sales remained limited and ethanol production continued to run well below a year earlier.
Strong cash market fundamentals boosted livestock futures, with live cattle contracts again supported by tightening supplies and further gains in wholesale beef prices.
Lean hog contracts were pushed higher by further strength in both cash hog and wholesale pork prices in the face of seasonally large hog supplies.
Nearby cotton futures surged to their highest level in more than five months amid a shortage of deliverable stocks and crop quality concerns in the U.S.
Delta region.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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