|
|
|
|
|
|
July 21, 2014
In the News
Looking to polish up your sales force's skills? Order a copy of "ProSelling: A Professional Approach To Selling In Agriculture." For more info go here. We look forward to seeing our colleagues at next week's Ag Media Summit! |
|
|
|
|
|
 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn
| -.07
| 3.71 ¼
| 5.41
|
| Soybeans
| -.19
| 11.76 ¾
| 14.69 ¼
|
| Wheat
| +.06 ¼
| 5.32 ¼
| 6.60 ½
|
| Cattle
| +2.50
| 151.63
| 122.10
|
| Hogs
| -1.60
| 127.08
| 96.63
|
| Cotton
| -.11
| 68.63
| 84.99
|
| Milk
| +.11
| 21.51
| 17.35
|
| Crude Oil
| +2.30
| 103.13
| 108.04
|
| 
|
Comments: Grain futures price action turned choppier last week as technically oversold market conditions and fresh caused some speculative short-covering, while geopolitical concerns heated up with the downing of the Malaysian airliner over Ukraine on Thursday.
However, prospects for huge U.S.
crops remained the dominant factor in the corn and soybean markets amid strong crop conditions and favorable weather forecasts.
Long-term forecasts calling for mild August weather put new pressure on soybean futures on Thursday.
Corn futures found some fundamental support from improved exports and ethanol production, while soybean futures were supported by a step-up in Chinese buying of U.S.
soybeans for 2014/15.
Wheat futures reacted most strongly to the news out of Ukraine, but quickly gave back their Thursday gains on Friday.
Stiff export competition continues to weigh heavily on wheat prices.
Cotton futures tried to stabilize with extremely oversold conditions spurring short covering.
Livestock futures were mixed last week with front-end hog futures pressured by demand concerns and live cattle futures recovering on support from stronger-than-expected cash trade.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
|
