|
|
|
|
|
|
December 22, 2014
In the News
The staff at Agri Marketing wish you a Merry Christmas! Sign up to follow us on Twitter here. We now have over 12,000 followers! |
|
|
|
|
|
 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.03 | 4.10 ½ | 4.30 ½ |
| Soybeans | -.16 ¾ | 10.30 ½ | 13.27 |
| Wheat | +.25 ¾ | 6.32 ¼ | 6.10 ¾ |
| Cattle | -1.30 | 160.75 | 131.80 |
| Hogs | -1.35 | 81.90 | 86.38 |
| Cotton | +.35 | 60.89 | 83.33 |
| Milk | -.02 | 17.73 | 18.98 |
| Crude Oil | -.95 | 57.13 | 99.32 |
| 
|
Comments: Wheat was the big story in the grain/soybean complex last week with wheat futures surging again on indication that Russia had started restricting grain exports through informal measures including tighter quality checks on exports.
Wheat prices backed off significantly late in the week, though amid indications they were technically overbought and ideas U.S.
wheat was being priced out of the export market.
Corn futures were largely pulled higher by the wheat market rally, with gains capped by favorable South American weather and large U.S.
stockpiles.
End users appeared to have near-term corn needs covered after a pick-up in producer selling late in the previous week.
Soybean futures were pressured by growing expectations for South American production and a disappointing November crush total from the National Oilseed Producers Association.
Livestock futures remained on the defensive with live cattle futures pressured by lower cash cattle/wholesale beef prices before bouncing Friday on technically-driven speculative profit taking.
Lean hog futures remained under pressure from weak wholesale pork prices and ideas significant U.S.
herd is underway.
Cotton futures edged higher on support from pre-holiday position evening amid an absence of negative news.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
|
