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January 2, 2013
In the News
Be sure to register for NAMA's 2013 Agri-Marketing Conference...for more info click here.
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Leading in Uncertain Times – NAMA’s Next Webinar
June 19 is the date for our next webinar. Information and registration are available
here.
New to Marketing or New to Ag?
Then you need to join us for NAMA Boot Camp, August 6-8 in Kansas City. Details and registration information
here. |

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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby Futures | Weekly Change | Friday's Close | Year Ago |
Corn | -.08 | 6.94 | 6.42 ½ |
Soybeans | -.06 ¾ | 14.24 | 12.08 |
Wheat | -.13 ¼ | 7.78 ¼ | 6.51 ¼ |
Cattle | +.12 | 129.40 | 123.10 |
Hogs | -.52 | 86.38 | 85.55 |
Cotton | -1.52 | 74.66 | 90.68 |
Milk | +.05 | 18.61 | 18.66 |
Crude Oil | +2.17 | 90.80 | 98.36 |
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Comments: Grain and soybean futures slipped a bit in very thin holiday trading volume last week under pressure from continued commodity fund selling spurred by technical weakness and a variety of other factors.
Demand worries, improving South American crop prospects and concerns about the U.S.
fiscal cliff all weighed on prices at one time or another.
Prospects for a record large Brazilian crop and drier conditions in Argentina kept the soybean market on the defensive.
Dismal U.S.
export sales helped keep corn prices under pressure, while wheat futures finished lower on the week despite the best weekly export sales in 23 months.
A forecast for the Mississippi River to close to most commerce south of St.
Louis by Jan.
3-4 also drove demand concerns.
Livestock futures had a mixed week with live cattle futures finding support from stronger Plains cash trade, tightening supplies and winter weather.
Lean hog futures also found some support from weather, but were pressured by weak pork prices and positioning ahead of Friday's USDA Hogs and Pigs Report, which showed larger-than-expected supplies.
Cotton futures set back late in the week on technical weakness and growing concerns that the fiscal cliff could undermine the economy.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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