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September 8, 2014
In the News
Nominations for Agri Marketing's Product of the Year are now open. For more information go here. |
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.12 ½ | 3.59 | 4.89 ½ |
| Soybeans | -.04 | 10.89 ½ | 13.67 ½ |
| Wheat | -.18 ¾ | 5.31 ½ | 6.27 ¼ |
| Cattle | +6.77 | 158.20 | 125.15 |
| Hogs | +4.67 | 102.80 | 89.40 |
| Cotton | -1.52 | 66.08 | 82.40 |
| Milk | +.33 | 24.28 | 18.03 |
| Crude Oil | -2.67 | 93.29 | 108.37 |
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Comments: Corn and soybean futures slid last week under pressure from growing expectations for U.S.
production fueled by improved weekly crop ratings and strong yields in the southern United States.
A strong dollar also spurred concerns about export demand for U.S.
grain/soybeans.
A lack of positive demand news contributed to the weakness in corn futures with end users confident in supplies and anticipating lower prices.
Tight old-crop supplies limited soybean futures losses.
A frost/freeze threat forecast for Sept.
12-13 did rally both corn and soybeans on Friday.
Wheat futures were pressured by an easing of tensions in Ukraine, corn weakness and poor export demand.
Weekly U.S.
wheat exports for the week ended Aug.
28 came in at a marketing year low and the strong dollar helped boost demand concerns.
Cotton futures were also pressured by the strong dollar as well as by rains in dry U.S.
cotton areas including West Texas.
Livestock futures surged again with nearby live cattle futures leading the way on a further jump in Plains cash cattle prices and firm wholesale beef prices.
Lean hog futures were boosted by indications of a bottom in cash hog/wholesale pork prices and expectations for strong demand in coming weeks.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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