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November 10, 2014
In the News
The judges have selected Syngenta's Encogen as the 2014 Agri Marketing Product of the Year. Dow AgroSciences' Tranform Insecticide is named runner up. Both will be profiled in the next issue of Agri Marketing magazine. Congratulations to the Syngenta and Dow teams!
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.09 ¼ | 3.67 ½ | 4.26 ¾ |
| Soybeans | +.62 ¾ | 10.40 ¼ | 13.06 ¾ |
| Wheat | -.18 | 5.14 ½ | 6.49 ¾ |
| Cattle | +.75 | 166.80 | 132.40 |
| Hogs | +.75 | 88.78 | 88.13 |
| Cotton | -.49 | 63.96 | 76.97 |
| Milk | +.37 | 21.62 | 18.78 |
| Crude Oil | -1.89 | 78.65 | 94.60 |
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Comments: Grain and soybean futures action was mixed last week with soybean contracts surging to further strong gains on commodity fund short covering and more indications of strong demand, while wheat and corn futures turned lower.
A strong dollar was a negative factor for most dollar-denominated commodities with the ICE dollar index surging to a nearly 4-1/2 year high.
However, supply tightness in the cash market and larger-than-expected weekly export sales helped boost the soybean market.
Faster-than-expected U.S.
harvest progress amid favorable Midwest weather pressured the corn market along with expectations for USDA to raise its crop estimate further.
Wheat futures were pressured by early-week rains in parts of the U.S.
HRW wheat belt and indications U.S.
wheat was overpriced in the world export market.
Livestock futures were firm last week with lean hog futures finding support from technical buying and ideas U.S.
cash hog markets are near a seasonal low.
Live cattle futures were supported by their discount to Plains cash cattle markets and tight cattle supplies.
The cotton market slipped back as U.S.
export sales slowed and China set subsidies for growers outside its main production region.
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