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March 31, 2014
In the News
The next issue of Agri Marketing will include salutes to NAMA's AgriBusiness Leader of the Year Sonny Beck and Marketer of the Year--Wyffels' Jeff Hartz. Plus the annual listing of Ag's largest Marketing Communications Agencies. For more info, contact Audrey Evans at: AudreyE@AgriMarketing.com; 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 | +.13 | 4.92 | 6.95 ¼ |
| Soybeans | +.25 ¾ | 14.36 ½ | 14.04 ¾ |
| Wheat | +.02 ¾ | 6.95 ½ | 6.87 ¾ |
| Cattle | +2.48 | 146.48 | 128.90 |
| Hogs | -.20 | 125.48 | 80.60 |
| Cotton | +.43 | 93.74 | 88.46 |
| Milk | -.03 | 23.26 | 16.97 |
| Crude Oil | +2.21 | 101.67 | 97.23 |
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Comments: Corn and soybean futures swung back to the top of their recent trading ranges last week as exports remained strong and prospects for a late U.S.
planting season spurred uncertainty about 2014 acreage.
Nearby corn futures posted their highest Friday close since late August of last year as 2013-14 U.S.
export sales commitments reached nearly 98% of USDA's marketing year forecast.
Tight U.S.
soybean supplies and strong export shipments overshadowed a seasonal drop-off in old-crop export sales.
Wheat futures ended the week little changed after failing in a test of the previous week's price highs.
Tensions in Ukraine and concerns about drought in the southern U.S.
Plains remained supportive for wheat, while forecasts for improved rainfall weighed on prices.
It was a mixed week for livestock markets as the historic rally in lean hog futures finally ran out of steam.
Hog futures came under considerable pressure from positioning ahead of USDA's quarterly Hogs and Pigs Report.
Futures rebounded well off their Wednesday lows, but the report held bearish news, pegging market hog supplies near the high end of expectations.
Live cattle futures rallied on their wide discount to Plains cash prices as market-ready cattle supplies remained tight.
The market shrugged off a negative Cattle-on-Feed Report.
Cotton futures continued to edge higher on tight U.S.
supplies and drought in Texas cotton areas.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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