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October 14, 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 | -.10 | 4.33 ¼ | 7.73 ¼ |
| Soybeans | -.28 ¼ | 12.66 ¾ | 15.48 ½ |
| Wheat | +.05 ¼ | 6.92 ¼ | 8.86 |
| Cattle | +.75 | 128.80 | 124.60 |
| Hogs | -1.10 | 90.55 | 82.33 |
| Cotton | -2.46 | 83.37 | 70.71 |
| Milk | +.08 | 18.22 | 21.12 |
| Crude Oil | -1.82 | 102.02 | 92.07 |
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Comments: Grain and soybean trade was dominated by harvest activity and technical trading last week as fundamental information was scarce with USDA still closed amid the partial U.S.
government shutdown.
USDA's highly anticipated monthly Crop Production and Supply/Demand reports were among the casualties of the U.S.
budget impasse.
Corn and soybean futures found some early-week support from reports of Chinese buying, but that faded without government export numbers to confirm the demand.
Favorable harvest weather across most of the U.S.
Midwest and widespread reports of better-than-expected yields for both corn and soybeans boosted pressure on prices.
Wheat futures bucked the corn/soybean weakness to some extent amid perceptions of good demand and worries about crop production in the Black Sea region and South America.
However, favorable conditions for U.S.
winter wheat planting and larger Canada's crop estimate helped cap wheat strength.
Livestock futures had a mixed week with live cattle contracts rising on higher Plains cash trade and record high feeder cattle prices amid tightening cattle supplies.
Lean hog futures set back on technical selling and softening Midwest cash hog markets.
Cotton futures sustained most of their losses on Monday after Tropical Storm Karen and Typhoon Fitow failed to do feared damage to U.S.
and Chinese cotton areas.
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