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May 28, 2013
In the News
The June issue of Agri Marketing will feature focus reports on Premium/Incentives and marketing to Pork Producers. To reserve your organization's ad space, contact Audrey Evans at 636/728-1428 ext 2003; AudreyE@AgriMarketing.com
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.04 ½ | 6.57 ¼ | 5.78 ½ |
| Soybeans | +.27 ¾ | 14.76 ¼ | 13.76 |
| Wheat | +.14 ¼ | 6.97 ½ | 6.63 |
| Cattle | +1.18 | 120.58 | 117.88 |
| Hogs | +3.35 | 94.88 | 84.20 |
| Cotton | -4.92 | 81.49 | 73.94 |
| Milk | -.01 | 18.51 | 15.22 |
| Crude Oil | -2.14 | 94.15 | 90.66 |
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Comments: Last week was a choppy one for grain and soybean futures as record corn planting progress by U.S.
producers during the week ended May 19 weighed on prices, while ongoing concerns about tight old-crop supplies were supportive along with the return of wet weather to the U.S.
Midwest.
Nearby July soybeans skyrocketed to an 8-month high on Thursday, only to give back most of the gains as increased cash movement helped spur speculative profit taking.
New-crop corn and soybeans finished the week strongly as concerns about planting delays heated up again.
Chinese buying of U.S.
corn for 2013-14 was also supportive for new-crop corn.
Wheat futures rallied on technical buying and a big weekly U.S.
export sales total, although prospects for needed rains in the southern U.S.
Plains led to Friday profit taking.
Livestock futures had a strong week with nearby lean hog futures jumping on support from their discount to strong cash prices as seasonally tight hog supplies remained the dominant cash market fundamental.
Live cattle futures found support from continued strength in wholesale beef prices and pre-holiday positioning.
Cotton futures took it on the chin from speculative liquidation spurred by a strong dollar and concerns about Chinese economic growth.
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