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February 3, 2014
In the News
The March issue of Agri Marketing will feature focus reports on marketing to the Rural Lifestyle Consumer...and the booming Agricultural/Rural TV programs. To reserve your organization's ads, contact Audrey Evans at AudreyE@AgriMarketing.com or call 515/954-8589.
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.05 ½ | 4.34 | 7.40 ½ |
| Soybeans | -.02 | 12.82 ¾ | 14.68 ½ |
| Wheat | -.09 ½ | 5.55 ¾ | 7.79 ½ |
| Cattle | -1.72 | 141.40 | 127.63 |
| Hogs | -.15 | 86.23 | 87.60 |
| Cotton | -1.38 | 85.83 | 82.95 |
| Milk | +.07 | 21.12 | 17.20 |
| Crude Oil | +.85 | 97.49 | 97.49 |
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Comments: Grain and soybean futures had another quiet, choppy weak with corn futures edging higher for the second straight week on signs of good demand, including the best weekly U.S.
export sales total since March of 2011.
Financial turmoil in emerging markets such as Argentina and Turkey limited gains along with large U.S.
corn stocks.
Soybean futures were little changed on the week as support from strong U.S.
export shipments offset pressure from building Brazilian harvest activity and improved crop weather in Argentina.
The absence of any confirmation of Chinese cancellations of U.S.
soybean cargos helped support prices.
Wheat futures remained under pressure from large world supplies, although stronger-than-expected weekly export sales limited losses along with fears of winterkill damage to the U.S.
winter wheat crop.
Livestock futures had a mixed week with most lean hog futures contracts rising on concerns about Porcine Epidemic Diarrhea-related losses, even though nearby February hogs felt pressure from their premium to cash.
Live cattle futures fell under pressure from speculative profit taking spurred by overbought market conditions, a 5.8% weekly decline in wholesale beef prices and weaker Plains cash cattle trade.
Cattle futures' discount to cash limited weakness.
Cotton futures fell under pressure from concerns about emerging market economies.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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