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March 24, 2014
In the News
Celebrate the father of the Green Revolution Dr. Norman Borlaug’s statue unveiling in the U.S. Capitol tomorrow on his 100th birthday. Watch the live webcast at 11AM EDT here!
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.06 ¾ | 4.79 | 7.33 |
| Soybeans | +.32 ¾ | 14.08 ¾ | 14.49 |
| Wheat | +.03 | 693.25 | 7.28 ¾ |
| Cattle | -1.25 | 144.00 | 126.43 |
| Hogs | +6.38 | 125.68 | 78.35 |
| Cotton | +1.12 | 93.31 | 88.20 |
| Unch. | 23.29 | 16.96 |
| Crude Oil | +.57 | 99.46 | 92.45 |
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Comments: Corn spent the week sideways again as concerns regarding a late U.S.
spring and possible impacts of the Russia-Ukraine situation on planting there provided only modest support to a market that is well supplied.
Soybeans were more volatile, with most of the week's trade well above the prior week.
Rumors that Chinese buyers want to sell South American bean contracts to U.S.
feeders are being weighed against otherwise snug supplies.
The wheat market trend remains up, fueled by worries that Southern Plains hard red winter fields are coming out of dormancy into dust.
However, some caution is in order because this market is extremely overbought and could see at least a correction.
In the livestock sector, hogs continued their strong gains as weekly slaughter dropped below 2013 levels and the 10-year average and wholesale pork prices gained another $10/cwt.
on the week.
Live cattle, on the other hand, began to show signs of running out of steam ahead of USDA's Cattle on Feed report, which confirmed a big increase in supplies ahead.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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