|
|
|
|
|
|
November 17, 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. To run an ad congratulating the teams, contact Audrey Evans at AudreyE@AgriMarketing.com 515-954-8589
|
|
|
|
|
|
 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.14 ¼ | 3.81 ¾ | 4.26 ½ |
| Soybeans | -.14 ¼ | 10.22 ½ | 13.13 ½ |
| Wheat | +.46 | 5.60 ½ | 6.44 ¾ |
| Cattle | +3.40 | 170.20 | 132.98 |
| Hogs | +3.90 | 92.68 | 85.60 |
| Cotton | -4.16 | 59.80 | 83.61 |
| Milk | +.17 | 21.79 | 18.83 |
| Crude Oil | -2.83 | 75.82 | 93.76 |
| 
|
Comments: Grain and soybean futures action was mixed again with wheat futures the big movers, posting strong gains on concerns about U.S.
winter wheat crop prospects after a strong cold wave hit the Plains and Midwest.
The cold weather shut down crop development and likely did a small amount of crop damage.
A lower U.S.
carryout estimate from USDA also supported the wheat market.
Corn futures also rose on support from lower USDA crop production and ending stocks estimates, and the cold weather, which slowed grain movement and boosted feed demand.
Soybean futures set back on speculative profit taking as tightness in the cash soymeal market eased a bit on reports of U.S.
imports from South America and U.S.
export cancellations.
Livestock futures shot higher last week with live cattle futures leading the way as cash prices in the U.S.
Plains reached record levels.
Concerns the cold weather would further constrict already tight fed cattle supplies supported prices.
Lean hog futures were also up strongly on ideas that cash prices have bottomed seasonally and expectations for high beef prices to boost holiday pork demand.
Cotton futures tumbled under pressure from larger U.S.
ending stocks and pessimism about Chinese cotton imports.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
|
