|
|
|
|
|
|
September 3, 2013
In the News
Nominations are now open for Agri Marketing's 2013 New Product and Product of the Year! For more information, go here. |
|
|
|
|
|
 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -½ | 4.95 | 8.11 ½ |
| Soybeans | +.58 ¾ | 14.34 | 17.70 ¼ |
| Wheat | +.08 ¾ | 6.43 ¼ | 8.74 ½ |
| Cattle | +.10 | 126.80 | 125.50 |
| Hogs | +2.53 | 87.63 | 74.15 |
| Cotton | -.54 | 83.70 | 76.15 |
| Milk | -.01 | 17.89 | 17.70 |
| Crude Oil | +1.23 | 107.65 | 94.62 |
| 
|
Comments: Corn and soybean futures exploded to the upside on Monday of last week as crop concerns continued to heighten amid hot, dry weather.
However, the soybean market spent the remainder of the week consolidating, while corn futures gave back most of their gains under pressure from increased producer selling of new-crop supplies and strong corn yield in the U.S.
South.
While crop expectations are on the decline, market sentiment is that corn supplies will be ample to meet demand this fall, while soybean production is in danger of falling short of projected demand.
Wheat futures rallied with corn and beans on Monday and also found support from strong demand in the world market for high-protein milling wheat.
Wheat strength was limited by the renewed weakness in corn and ample world wheat supplies.
Livestock futures were firm with front-end lean hog contracts finding strong support from their discount to the CME cash hog index even as cash hog prices slid on seasonal supply increases.
Live cattle futures were supported by expectations for tighter cattle supplies and seasonal cash price strength this fall.
Cotton futures remained weak under pressure from a strengthening dollar and word that China is working on plans to end its cotton stockpiling program.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
|
