|
|
|
|
|
|
September 22, 2014
In the News
Nominations for Agri Marketing's Product of the Year are now open. For more information go here. |
|
|
|
|
|
 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.07 | 3.31 ½ | 4.59 ½ |
| Soybeans | -.28 ½ | 9.57 | 13.39 ½ |
| Wheat | -.25 ½ | 4.74 ½ | 6.57 |
| Cattle | -.65 | 155.63 | 125.93 |
| Hogs | +.28 | 105.98 | 91.15 |
| Cotton | -4.62 | 65.99 | 85.34 |
| Milk | +.02 | 24.54 | 18.14 |
| Crude Oil | -.14 | 92.41 | 106.39 |
| 
|
Comments: Grain and soybean futures slid further last week as pressure from the record U.S.
corn and soybean crops continued to build amid prospects for increasing harvest activity.
A strong U.S.
dollar also remained a negative factor for prices, especially in the wheat market, with U.S.
export sales lagging.
December corn futures posted their fifth straight losing week, while November soybeans extended their losing streak to six weeks.
Corn futures losses were limited by ideas U.S.
corn acreage may be smaller than USDA currently estimates and by a slow start to harvest.
Forecasts for drier weather across the U.S.
Midwest helped drive the price pressure along with reports of exceptional yields in the U.S.
south and the southern Corn Belt.
Estimates China's imports of U.S.
soybeans could drop significantly in 2014/15 contributed to soy price declines.
Livestock futures had a mixed week with front-end hog futures supported by further strength in cash hog/wholesale pork prices.
Deferred hog futures again felt pressure from talk of herd expansion spurred by low corn prices.
Live cattle futures were pressured by a weaker cash market tone and position evening ahead of Friday's monthly USDA Cattle-on-Feed report.
That report was neutral to negative for prices as August feedlot placements were toward the high end of expectations.
Cotton futures gave back the previous week's gains amid pressure from some of the features of China's new cotton program.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
|
