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July 28, 2014
In the News
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.08 ¼ | 3.63 | 4.96 |
| Soybeans | +.35 ½ | 12.12 ¼ | 13.55 ¼ |
| Wheat | +.05 ¾ | 5.38 | 6.49 ¼ |
| Cattle | +7.47 | 159.10 | 121.65 |
| Hogs | -3.45 | 123.63 | 98.58 |
| Cotton | -3.47 | 65.16 | 86.19 |
| Milk | +.02 | 21.53 | 17.36 |
| Crude Oil | +0.14 | 102.09 | 105.49 |
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Comments: Grain and soybean futures action was mixed last week with soybean contracts rallying on support from strong export demand and tightening old-crop supplies.
Some weather worries may have crept into the market as well on forecasts calling for warmer, drier weather to move into the U.S.
Midwest in mid-August.
Corn futures could not rally despite the soybean strength, posting their fifth consecutive losing week as favorable U.S.
pollination conditions and private forecasts for a record U.S.
corn yield limited buying interest.
Strong weekly export sales were a supportive factor for corn.
Wheat futures managed to post a modest recovery despite indications of a strong U.S.
spring wheat crop and continued slow U.S.
export sales in the face of stiff competition from Black Sea region and European Union wheat.
Worries about the quality of the European crop provided light fundamental support along with geopolitical concerns.
Livestock futures were widely mixed last week as cattle futures followed surging Plains cash markets to big gains, while lean hog futures slid on weakness in cash hog/wholesale pork prices.
USDA's monthly Cattle-on-Feed report, released after trading closed for the week was supportive for prices.
Cotton futures collapsed to new lows despite good U.S.
export sales as big world supplies and technical selling weighed on prices.
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