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June 10, 2013
In the News
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.04 ¼ | 6.66 ¼ | 5.94 |
| Soybeans | +.18 ¼ | 15.28 ¼ | 14.28 |
| Wheat | -.09 ¼ | 6.96 ¼ | 6.41 ¾ |
| Cattle | -.05 | 120.13 | 119.35 |
| Hogs | +2.70 | 98.33 | 93.08 |
| Cotton | +4.50 | 84.86 | 73.89 |
| Milk | +.21 | 18.09 | 15.59 |
| Crude Oil | +4.06 | 96.03 | 84.82 |
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Comments: Grain markets focused mainly on weather again last week with corn and soybean futures again finding support from cool, wet weather that limited planting activity in the upper Midwest, throwing crop production prospects into further doubt.
Further support came from significant weakness in the value of the dollar against major foreign currencies including the euro and the yen.
Wheat futures, however, could not gain traction to the upside amid concerns about export demand for U.S.
wheat spurred by large world wheat supplies and Asian buyers' cautiousness over the GM wheat find in the state of Oregon.
Prospects for the U.S.
winter wheat harvest to pick up also offset support from concerns about lower U.S.
spring wheat plantings.
Livestock futures had a mixed week with lean hog futures finding strong support again from seasonal tightness in hog supplies and resulting strength in U.S.
cash hog markets.
Firm wholesale pork prices also eased demand concerns.
Live cattle futures, however, chopped sideways amid continued weakness in Plains cash cattle trade and seasonal weakness in beef demand.
Cotton futures rebounded strongly on the dollar weakness and better-than-expected weekly export sales.
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