Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.06 ¾ | 3.81 ½ | 4.22 ¾ |
| Soybeans | +.20 | 10.36 | 13.28 |
| Wheat | +.31 ¼ | 6.09 | 6.38 |
| Cattle | -4.43 | 164.45 | 131.65 |
| Hogs | -3.73 | 90.33 | 82.53 |
| Cotton | -.42 | 60.54 | 77.82 |
| Milk | -.20 | 17.80 | 18.98 |
| Crude Oil | -.31 | 65.84 | 87.88 |
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Comments: Last week was a volatile one in the grain and soybean futures markets, with corn and soybean prices selling off on favorable South American crop weather and a collapse in crude oil prices to start the week, while wheat futures rallied further on talk Russia would restrict exports.
The tables were turned by mid-week, though, with corn and soybean futures rallying back strongly on good export sales and fund technical buying, while wheat futures gave back some of their gains as concerns about Russian exports eased.
USDA data showed U.S.
corn export sales improving for a third straight week, while soybean sales reached 85% of expected 2014-15 exports, triggering expectations for USDA to raise its forecast.
Wheat still posted the strongest gains for the week despite a surge in the value of the U.S.
dollar, which spurred concerns about export demand.
Livestock futures were hammered by active technically-driven commodity fund liquidation of long positions, with live cattle futures also feeling fundamental pressure from a $3-$5 drop in Plains cash cattle prices.
Lean hog futures remained under pressure from lackluster pork demand.
Cotton futures were supported by speculative profit taking, but rally attempts failed amid continued pressure from large world supplies and reduced U.S.
export prospects.
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