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Comments: Grain and soybean futures last week came under renewed pressure from technical selling, ample world supplies and demand worries spurred by a strong dollar and economic turmoil in Europe.
Renewed weakness in the value of the Brazilian real weighed on corn and soybean prices along with improved rainfall in key Brazilian growing areas.
Concerns about building Chinese corn reserves also weighed on corn futures, which found light support from slow producer selling in the cash market.
A rebound in weekly export sales and slow producer selling limited soybean market weakness.
Wheat futures were pressured concerns about export competitiveness spurred by a further plunge in the value of the Canadian dollar and continued euro weakness.
More beneficial moisture in the U.S.
HRW wheat belt was also a negative market factor.
Livestock futures had a mixed week with live cattle contracts recovering some ground on speculative profit taking spurred by futures' discounts to mostly steady Plains cash markets despite continued weakness in wholesale beef prices.
Lean hog futures came under further pressure from weak cash hog/wholesale pork prices with nearby futures sliding to a 4-1/2 year low as the composite pork cutout value hit its lowest level in nearly two years.
Cotton futures rallied with help from a third consecutive week of strong U.S.
export sales.
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