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September 9, 2013
In the News
Nominations are now open for Agri Marketing's 2013 New Product and Product of the Year! For more information click here. The October issue of Agri Marketing will feature a focus report on Ag/Rural broadcasting! |
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.03½ | 4.91 ½ | 8.11 ½ |
| Soybeans | +.03 | 14.37 | 17.70 ¼ |
| Wheat | -.08 ¼ | 6.35 | 8.74 ½ |
| Cattle | -1.12 | 125.68 | 125.50 |
| Hogs | +3.27 | 90.90 | 74.15 |
| Cotton | -.46 | 83.24 | 76.15 |
| Milk | +.17 | 18.06 | 17.70 |
| Crude Oil | +2.88 | 110.53 | 94.62 |
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Comments: It was a mixed week for grain and soybean futures as traders continued to try to gauge the size of the U.S.
corn and soybean crops.
Corn futures gave back much of the ground they gained the previous week under pressure from growing anticipation of what is still expected to be a record harvest as warm weather boosted crop maturity.
Soybean futures, however, held firm, consolidating in choppy trading as yield expectations continued to decline with warm, dry weather stressing the pod-setting crop across much of the Midwest.
Thursday's USDA Crop Report figures to be extremely important for soybean price action.
Wheat futures gave back the previous week's modest gains as the wheat market continued to take its price direction primarily from the corn market amid a lack of significant fundamental news.
Livestock futures were widely mixed last week with lean hog futures surging higher on support from firm cash markets as hog marketings were disrupted by hot weather.
Live cattle futures, however, came under pressure from their premium to cash amid steady to weaker cash trade.
Cotton future rallied on Friday on support from better-than-expected export sales, but could not make up ground lost earlier in the week on technical selling and concerns about Chinese cotton policy.
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