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June 17, 2013
In the News
The next issue of Agri Marketing will feature the annual Ag/Rural Show Guide, a Salute to Canadian agriculture and the Ag Media Summit. To schedule your organization's ad, contact Audrey Evans at AudreyE@AgriMarketing.com or call 636/728-1428 ext 2003.
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.11 ¼ | 6.55 | 6.01 ½ |
| Soybeans | -.12 | 15.16 ¼ | 13.86 |
| Wheat | -.15 ½ | 6.80 ¾ | 6.23 ½ |
| Cattle | -1.13 | 119.00 | 116.35 |
| Hogs | -0.30 | 98.03 | 94.53 |
| Cotton | +6.43 | 91.29 | 78.09 |
| Milk | -.10 | 17.99 | 15.62 |
| Crude Oil | +1.82 | 97.85 | 83.91 |
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Comments: Grain and soybean futures edged lower last week as traders showed cautious optimism about U.S.
summer crop prospects.
A lack of supportive news in Wednesday's USDA supply/demand reports contributed to the weaker price tone.
Selling interest was limited, though, by continued uncertainty about U.S.
corn acreage and further delays to soybean planting in some key growing areas.
Wheat futures felt pressure from increasing U.S.
winter wheat harvest activity and a larger-than-expected winter wheat crop estimate from USDA.
While USDA raised its forecast for 2013-14 U.S.
wheat exports, the trade stayed concerned about demand as Asian buyers remained cautious about U.S.
wheat purchases despite indications the finding of GM Wheat in Oregon state was an isolated incident.
Livestock markets ended the week mostly lower as lean hog futures were hit with speculative profit taking amid anticipation a seasonal cash price high might not be far off.
Live cattle futures fell back to the low end of their recent trading range under pressure from further weakness in Plains cash trade and wholesale beef prices.
Cotton futures surged sharply as USDA raised its old-crop U.S.
export projection further and unexpectedly cut its new-crop production forecast.
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