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December 26, 2012
In the News
The Agri Marketing staff wishes everyone the best of Holiday Seasons. To view the current issue of the magazine, click here. |
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Do you have employees new to the industry?
Sign them up for
NAMA Boot Camp, August 6-8 in Kansas City. Details and registration information
here.
NAMA Nexus coming in October
Mark your calendar for
NAMA Nexus (formerly Fall Conference) October 14-16 at the fabulous
Pfister Hotel in Milwaukee. |
| Most Read Items From Prior Issue of |  |
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.28 ¾ | 7.02 | 6.16 ½ |
| Soybeans | -.65 ¼ | 14.30 ¾ | 11.53 ¾ |
| Wheat | -.22 | 7.92 | 6.17 |
| Cattle | +2.38 | 129.28 | 120.25 |
| Hogs | +1.50 | 86.90 | 83.28 |
| Cotton | +1.09 | 76.18 | 86.84 |
| Milk | -.03 | 18.56 | 18.70 |
| Crude Oil | +1.93 | 88.63 | 98.67 |
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Comments: Soybean futures were the center of attention in the agricultural sector last week as they collapsed under pressure from large Chinese cancellations of U.S.
soybean purchases, favorable growing weather in Brazil and technical weakness.
Pre-holiday position evening and worries about the U.S.
fiscal cliff added to the pressure on soybean prices and also helped pressure grain prices further along with year-end position evening.
Corn futures continued to feel pressure from weak demand as weekly U.S.
export sales fell below expectations and U.S.
ethanol production continued to lag well behind last year.
Wheat futures sank further as the corn price weakness and helpful snowfall in the Plains winter wheat belt overshadowed strengthening U.S.
export sales activity, including more purchases by Egypt.
U.S.
wheat is now priced lower in the world market than most other origins.
Livestock futures were strong last week as a winter storm that hit the Plains and the Midwest helped stir up supply concerns, deflecting attention from worries about the fiscal cliff and the general economy.
Cotton futures continued to rally on support from strong export demand for U.S.
cotton, primarily from China.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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