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November 4, 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 | -.12 ¾ | 4.37 ¼ | 7.51 |
| Soybeans | -.34 | 12.66 | 15.60 |
| Wheat | -.23 | 6.67 ¾ | 8.68 ½ |
| Cattle | -.90 | 132.08 | 125.33 |
| Hogs | -2.08 | 88.35 | 77.88 |
| Cotton | -2.50 | 76.58 | 70.21 |
| Milk | +.11 | 18.84 | 21.10 |
| Crude Oil | -3.26 | 97.85 | 87.09 |
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Comments: Grain and soybean futures came under renewed pressure from U.S.
harvest activity and rising expectations for production on continued reports of better-than-expected yields.
The corn and soybean markets appeared to be building in a U.S.
corn yield of over 160 bushels per acre and a 43-bushel-plus soybean yield versus USDA's September estimates of 155.3 bushels for corn and 41.2 bushels for soybeans.
Big export sales totals for the three weeks ended Oct.
24 provided little support for prices as they had already been factored into the futures market.
Wheat futures were pressured by a slowdown in U.S.
export sales, favorable U.S.
winter wheat conditions and prospects for India to step up its wheat exports.
Livestock futures could not sustain the previous week's strength with live cattle futures pressured by overbought market conditions and signs of a top in the wholesale beef market.
Lean hog futures were hit with speculative profit taking spurred by extremely overbought technical indicators and weaker cash hog prices after surging to new highs early in the week on rising concerns about the U.S.
Porcine Epidemic Diarrhea outbreak.
Cotton futures continued to collapse under pressure from ample world supplies with Dec.
futures charting a 9-1/2 month low for a nearby contract.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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