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November 24, 2014
In the News
The judges have selected Syngenta's Enogen 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
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.09 | 3.72 ¾ | 4.23 |
| Soybeans | +.16 ½ | 10.39 | 12.91 ½ |
| Wheat | -.13 ¼ | 5.47 ¼ | 6.48 ¾ |
| Cattle | +.70 | 170.90 | 131.45 |
| Hogs | -.03 | 92.65 | 85.60 |
| Cotton | -.04 | 59.76 | 74.79 |
| Milk | +.11 | 21.90 | 18.79 |
| Crude Oil | -.69 | 76.38 | 96.60 |
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Comments: It was another mixed week in the grain and soybean futures complex with soybean futures managing to regain some ground as signs of strong demand offset pressure from large U.S.
and world supplies.
Corn futures, however, lost ground under pressure from the record U.S.
harvest despite positive demand news.
Wheat futures were dogged by demand concerns much of the week, but losses were limited by improved U.S.
export sales and a cold weather threat to Russia's crop.
Record weekly U.S.
soybean export inspections, combined with a record October crush and fresh daily export sales announcements from USDA propped up the soybean market in the face of burdensome supplies.
Corn futures were pressured by indications that end users had near-term corn needs well covered and by technical weakness, before finding some support from near-record weekly ethanol production and improved export sales.
A strong dollar helped heighten concerns about export demand for U.S.
wheat along with very slow weekly shipments.
However, weekly U.S.
export sales topped expectations.
Live cattle futures continued to be strongly supported by tight supplies, with cash prices hitting a record $174.50 in Nebraska on Friday.
However, Friday afternoon's USDA Cattle-on-Feed report showed the monthly U.S.
feedlot inventory larger than a year earlier for the first time in more than two years.
Front-end lean hog futures struggled all week due to soft pork prices, but deferred months broke out to new contract highs.
Cotton futures stuck to very narrow ranges as they consolidated after the previous week's collapse.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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