|
|
|
|
|
|
February 10, 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.
|
|
|
|
|
|
 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.10 ¼ | 4.44 ¼ | 7.10 ¾ |
| Soybeans | +.48 ¾ | 13.31 ½ | 14.86 ¾ |
| Wheat | +.21 ¾ | 5.77 ½ | 7.56 |
| Cattle | -.20 | 141.20 | 127.55 |
| Hogs | +.35 | 86.58 | 86.98 |
| Cotton | +1.64 | 87.47 | 81.40 |
| Milk | -.24 | 21.87 | 17.22 |
| Crude Oil | +1.39 | 99.88 | 95.83 |
| 
|
Comments: Grain and soybean futures had a strong week amid a pick-up in commodity fund buying/short-covering.
Some investment money may have moved into commodities from plunging equity markets early in the week.
Soybean futures led the way higher on concerns about tightening U.S.
supplies amid an absence of expected export cancellations and dryness in parts of Brazil.
Corn futures climbed for the third straight week, however, with fund short-covering increasing on indications of stronger-than-expected export demand.
Expectations for USDA to cut its U.S.
carryout forecast in Monday's monthly supply/demand update helped boost prices.
Wheat futures, meanwhile, broke out above nearby chart resistance on concerns about winter wheat crop conditions, triggering active fund short covering on Tuesday.
Livestock futures had a choppy week with live cattle futures drifting lower much of the week under pressure from falling beef prices, before rallying on Friday on support from their discount to cash cattle markets.
Lean hog futures were strong with deferred contracts rising sharply on support from ongoing supply uncertainty caused by PED-related losses and expectations for strong pork demand.
Cotton futures were boosted by strong weekly export sales and expectations for USDA to cut its carryout forecast.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
|
