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June 24, 2013
In the News
The next issue of Agri Marketing will feature the annual Ag/Rural Show Guide, a Salute to Canadian agriculture, Premium/Incentive update 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 | +.06 ¾ | 6.61 ¾ | 5.86 ½ |
| Soybeans | -.27 | 14.93 ¼ | 14.38 ½ |
| Wheat | +.17 ¼ | 6.98 | 6.61 ¾ |
| Cattle | +2.25 | 121.25 | 116.00 |
| Hogs | +1.72 | 99.75 | 95.60 |
| Cotton | -6.14 | 85.15 | 78.17 |
| Milk | +.04 | 18.03 | 16.72 |
| Crude Oil | -4.16 | 93.69 | 78.20 |
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Comments: Last week was a choppy one for agricultural commodities amid continued uncertainty about U.S.
corn and soybean crop potential and investors' negative reaction to word from U.S.
Federal Reserve policymakers that the central bank will likely start to “taper” off its bond buying programs later this year.
Ideas U.S.
corn acres will be lower than the March planting intentions supported corn prices along with tight old-crop stocks, but futures gains were limited by improving crop weather.
Weather also weighed on soybean prices along with technical selling and concerns about China's economy.
Wheat futures bucked harvest pressure last week on support from technical buying, but remain in a sideways trading range.
The livestock futures rallies with lean hog futures supported by further seasonal strength in cash hog markets and stronger-than-expected wholesale pork prices.
Live cattle futures were boosted mainly by technical short covering and position evening ahead of Friday's USDA Cattle-on-Feed Report.
That report was disappointing, pegging on-feed supplies at the high end of trade expectations.
The choppy cotton futures market did a sharp U-turn, plunging in reaction to the Fed's policy statement and a stronger dollar.
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