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August 11, 2014
In the News
Readex Research will measure the ads in the September issue of Agri Marketing! The issue will include focus reports on the Fruit & Vegetable markets and the Biorational industry. Contact Audrey Evans at AudreyE@AgriMarketing; 515-954-8381.
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -1/2 | 3.51 ¾ | 4.73 ½ |
| Soybeans | +.69 ¾ | 12.84 ¾ | 13.55 ¾ |
| Wheat | +.15 | 5.49 ¼ | 6.41 ¼ |
| Cattle | -4.75 | 152.55 | 122.68 |
| Hogs | -3.80 | 114.23 | 100.63 |
| Cotton | +1.32 | 63.81 | 89.38 |
| Milk | +.30 | 21.77 | 18.16 |
| Crude Oil | -.23 | 97.65 | 103.40 |
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Comments: Grain and soybean futures were mostly stronger on the week amid support from geopolitical tensions, pre-USDA report position evening and continued Chinese soybean demand.
Wheat futures were boosted by fears of disruptions to Black Sea region grain exports amid speculation that Russia might be ready to send troops into Ukraine.
Further support came from worries about the quality of the European crop, but concerns about the economic impact of Western and Russian trade sanctions helped cap the rally.
Corn futures were pulled higher by wheat, but could manage only minor gains in the face of record production expectations and fast crop development.
Nearby August soybean futures surged in dwindling volume with remaining shorts being squeezed ahead of the contract's expiration.
Gains in new-crop soybean contracts were more modest as favorable crop ratings and beneficial rains across parts of the Midwest limited buying interest.
Livestock futures plunged under pressure from rising demand concerns spurred by weakening wholesale pork and beef prices, and Russia's ban of U.S.
poultry and pork imports.
Most cattle futures contracts finished limit down Thursday and Friday.
Cotton futures bounced on technically-driven short covering and pre-USDA report position evening.
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