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October 28, 2013
In the News
The annual Agri Marketing Services Guide forms have been distributed. Please be sure to fill them out so your organization receives its listing. If you need a form, contact: stephaniew@agrimarketing.com |
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.01 ½ | 4.40 | 7.42 |
| Soybeans | +.08 ¾ | 13.00 | 15.64 |
| Wheat | -.15 | 6.90 ¾ | 8.72 ¾ |
| Cattle | +3.70 | 132.58 | 125.75 |
| Hogs | +2.48 | 90.43 | 78.13 |
| Cotton | -4.03 | 79.08 | 72.73 |
| Milk | unch. | 18.25 | 21.04 |
| Crude Oil | -3.26 | 97.85 | 86.05 |
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Comments: Grain and soybean futures were mixed last week in choppy trade with strong demand and slow selling of new-crop supplies offsetting pressure from active corn and soybean harvest progress and continued reports of better-than-expected yields.
An air of uncertainty limited trading as traders waited for USDA to catch up reporting key fundamental data in the wake of the U.S.
government shutdown.
Corn prices were propped up by strong weekly ethanol output.
Both corn and soybeans found support from indications of strong export demand.
Wheat futures gave back some ground under pressure from good U.S.
winter wheat conditions and wheat's premium to corn as concerns about Argentina's crop and Black-Sea region production subsided.
Livestock futures had a very strong week with nearby live cattle futures surging to a record high at one point on record high cash prices in the U.S.
plains amid tight cattle supplies and stronger beef prices.
Lean hog futures charged to new contract highs on support from lighter-than-expected hog supplies and ideas high beef prices will boost pork demand in coming months.
Cotton futures collapsed after a break of key chart support by nearby Dec.
future triggered heavy technical selling.
Large world supplies and poor weekly export sales provided fundamental pressure on cotton prices.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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