|
|
|
|
|
|
October 27, 2014
In the News
The annual Agri Marketing Services Guide forms have been distributed. Please be sure to fill them out so your organization receives its listing. If you need a form, contact: stephaniew@agrimarketing.com. For advertising info contact AudreyE@AgriMarketing.com
|
|
|
|
|
|
 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.05 | 3.53 | 4.38 ¾ |
| Soybeans | +.25 ¾ | 9.77 ½ | 13.09 ¾ |
| Wheat | +.01 ¾ | 5.17 ¾ | 6.96 ½ |
| Cattle | +3.20 | 168.25 | 132.80 |
| Hogs | +1.80 | 90.25 | 89.60 |
| Cotton | +.81 | 63.81 | 79.21 |
| Milk | -.08 | 23.88 | 18.25 |
| Crude Oil | -1.05 | 81.01 | 97.11 |
| 
|
Comments: Grain and soybean futures rallied for a third straight week last week as large speculators continued to cover short positions amid sluggish U.S.
corn and soybean harvest progress, signs of rising demand and technical factors.
U.S.
corn harvest progress as of Oct.
16 was 22 percentage points behind the five-year average, while soybean harvest was 13 points behind.
An unexpectedly large weekly U.S.
soybean export sales total, which included big sales to China, spurred strong soybean gains on Thursday.
Corn and soybean gains were capped by improved harvest weather across the U.S.
Midwest.
Wheat futures pulled strength from corn and soybeans as well as from concerns about soft red winter wheat planting delays in the U.S.
Midwest and reports of poor new-crop development in Russia.
Disappointing weekly wheat export sales helped cap gains along with strong U.S.
hard red winter wheat crop emergence.
Livestock futures price action remained choppy, but live cattle futures managed strong gains after climbing to new all-time highs on a sharp $6 jump in cash live cattle prices in the U.S.
Plains.
Nearby lean hog futures found modest support from their discount to cash despite continued seasonal weakness in cash hog/wholesale pork prices.
Cotton futures bounced modestly on speculative short covering amid an absence of fresh bearish news.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
|
