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January 5, 2015
In the News
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -.19 | 3.95 ¾ | 4.20 ½ |
| Soybeans | -.45 | 10.02 ½ | 12.87 |
| Wheat | -.29 ½ | 5.81 ¼ | 5.97 |
| Cattle | +3.20 | 165.68 | 135.63 |
| Hogs | -.25 | 81.30 | 87.08 |
| Cotton | -2.05 | 59.58 | 84.04 |
| Milk | +.17 | 15.92 | 19.66 |
| Crude Oil | -2.04 | 52.69 | 95.44 |
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Comments: Grain and soybean futures retreated sharply last week amid a shortage of fresh supportive news.
Year-end position evening and technical selling put broad pressure on prices along with a strong U.S.
dollar and continued weakness in crude oil futures.
Corn and soybean futures also felt fundamental pressure from favorable South American growing weather and expectations for increased producer selling in U.S.
cash markets during January.
An absence of fresh Chinese demand pressured soybeans as well, while declining ethanol plant margins were a source of concern in the corn market.
Wheat futures were pressured by a further easing in concerns about Russian grain exports and a slowdown in U.S.
export sales, which signaled U.S.
wheat was overpriced in the world market. |
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